Gold price surged today in Nepal market
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4th February 2026, Kathmandu
The Nepali bullion market experienced a massive volatility shift today as the gold price surged by NPR 14,400 per tola in a single day. According to the Federation of Nepal Gold and Silver Dealers Association, fine gold is being traded at NPR 304,700 per tola on Wednesday, February 4, 2026. This sharp rebound comes after a period of significant price corrections earlier in the week, re-establishing gold’s position above the psychological threshold of three hundred thousand rupees.
Gold Price Surged Today
While today’s price is a substantial jump from Tuesday’s rate of NPR 290,300, it remains below the all-time historic high of NPR 339,300 per tola recorded on January 29, 2026.
What Caused the Gold Price Surge in Nepal Today
The primary driver behind today’s surge is the recovery of spot gold in the international market. Global gold prices reclaimed the 5,000 dollar per ounce mark, rising by 1.5 percent to reach 5,014.31 dollars. As Nepal is entirely dependent on imports for its gold supply, domestic rates mirror these international fluctuations almost instantaneously.
Key factors contributing to the surge include:
Global Safe Haven Demand: Ongoing geopolitical tensions and trade disputes have led international investors to flee from equities and toward tangible assets like gold.
Weaker US Dollar: Gold is inversely correlated with the US dollar. A recent dip in the dollar index has made gold more affordable for international buyers, driving up global demand.
Central Bank Accumulation: Large central banks, particularly those in China and India, have continued to add significant quantities of gold to their reserves to diversify away from the dollar.
Silver Prices and Market Trends
Silver followed a similar upward trajectory today, increasing by NPR 265 per tola. The current trading price for silver stands at NPR 5,600 per tola, up from NPR 5,335 on Tuesday. This movement highlights a broader bullish sentiment across the precious metals sector.
Silver’s price remains highly volatile in the current year, having reached a peak of NPR 7,505 per tola just last week before experiencing a historic daily decline. Investors are increasingly viewing silver as a dual-purpose asset, valued for both its industrial utility and its role as a more accessible investment alternative to gold.
Impact on Consumers and the Jewelry Industry
The massive single-day hike of NPR 14,400 has created immediate ripples across Nepal’s retail jewelry sector.
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Consumer Hesitation: For families planning weddings or cultural ceremonies, the sudden price hike often leads to a “wait and see” approach, potentially delaying purchases.
Demand for Lighter Designs: Jewelers report an increasing trend of consumers opting for 18-karat gold or lighter filigree designs to offset the high cost per tola.
Inventory Valuation: While the surge increases the value of existing stock for jewelers, the resulting drop in sales volume during high-price periods presents a significant operational challenge.
Strategic Advice for Investors
Financial analysts suggest that while gold remains the ultimate safe-haven asset, the extreme volatility seen in 2026 requires a disciplined investment strategy.
Avoid Panic Buying: The recent fluctuations—where gold dropped by nearly 40,000 rupees in two days before rebounding—suggest that buying during a peak surge can be risky.
Dollar Cost Averaging: Instead of making large lump-sum purchases, investors are encouraged to buy smaller quantities over time to average out the cost.
Monitor Global Triggers: Keep a close watch on the US Federal Reserve’s interest rate decisions and international inflation data, as these are the primary engines driving the current gold rally.
Future Outlook of Gold in Nepal
The medium-term outlook for gold in Nepal remains bullish. With international analysts projecting that spot gold could approach 6,000 dollars per ounce by the end of 2026 if global economic fragility persists, the Nepali market could see further record-breaking days. However, the market is currently characterized by high volatility, and frequent price corrections are expected as traders engage in profit-booking.
Conclusion
Today’s gold price surge to NPR 304,700 per tola marks one of the most significant daily recoveries in the history of the Nepali bullion market. Driven by a 1.5 percent rise in international spot prices and a weakening US dollar, the “yellow metal” continues to dominate financial discussions in Nepal. Whether for cultural tradition or financial security, gold’s allure remains unshaken, even as prices reach levels that were unimaginable just a year ago.
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