Gold price increase in Nepal. Price hits Rs 300500 today
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8th February 2026, Kathmandu
The local bullion market in Nepal witnessed a historic and dramatic surge on Sunday, Magh 25, 2082 (February 8, 2026), as gold prices leaped by a staggering Rs 9,500 per tola in a single day. This massive spike has propelled the price of fine gold to a record level of Rs 300,500 per tola, creating a wave of concern and excitement among investors, jewelers, and consumers alike.
Gold price increase
According to the official data released by the Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA), the previous trading rate on Friday, Magh 23, was Rs 291,000 per tola. Sunday’s update effectively pushed the precious metal past the psychological threshold of Rs 300,000, a level that was briefly touched earlier in the month before a series of volatile corrections.
Dramatic Surge in Gold and Silver Rates
The price of hallmark (fine) gold was determined at Rs 300,500 per tola on Sunday. This follows a period of extreme volatility in the first weeks of 2082. In late January, gold had reached an all-time high of approximately Rs 339,300 before dropping sharply. Sunday’s rise of Rs 9,500 represents one of the largest single-day recoveries in the history of the Nepali bullion market.
Silver has not been left behind in this precious metal rally. The price of silver, which stood at Rs 4,710 per tola on Friday, rose by Rs 300 to reach Rs 5,010 per tola on Sunday. This marks a significant return to the Rs 5,000+ level for silver, which has seen its own share of dramatic swings, having traded as high as Rs 7,500 per tola just two weeks prior.
Driving Factors Behind the 2082 Gold Spike
The Federation typically adjusts local rates based on two primary factors: international market movements and the value of the US dollar against the Nepali rupee. Several key reasons have been cited for this recent upward momentum:
Global Geopolitical Tensions: Ongoing international instability and shifting trade policies, particularly involving major economies, have pushed global investors toward safe-haven assets like gold. US Dollar Fluctuations: A weakening US dollar in the international market often leads to an inverse rise in gold prices. Central Bank Activities: Reports indicate that global central banks have resumed aggressive gold accumulation to bolster reserves, tightening the worldwide supply. Domestic Seasonal Demand: With the wedding season in Nepal currently in full swing, the physical demand for jewelry remains high despite the astronomical prices.
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Impact on Consumers and the Jewelry Industry
The financial impact of a Rs 9,500 per tola increase is immediate and profound. For a consumer planning to purchase five tolas of gold for a wedding, the cost has increased by Rs 47,500 in a matter of hours.
Traders in major hubs like New Road and Naxal report that while the price increase is a boon for those holding gold as an investment, it has led to a significant slowdown in new jewelry orders. Many middle and lower income families are being forced to rethink their wedding budgets or opt for gold with lower purity levels to keep costs manageable. Conversely, the high prices have led to an increase in people selling their old gold ornaments to capitalize on the profit margins.
Economic Significance of Bullion in Nepal
Gold remains the preferred investment vehicle for many Nepali households, often seen as more reliable than the stock market during times of inflation. However, the current volatility poses a challenge for the Federation and local dealers in maintaining consistent pricing. Because Nepal imports most of its gold through commercial banks with a daily quota system, local prices are extremely sensitive to any supply chain disruptions or global shocks.
Market Outlook and Investor Advice
Market analysts suggest that the current volatility is likely to continue throughout the remainder of Magh and into Falgun. Investors are advised to exercise caution and avoid large “panic buys” during days of extreme spikes. Experts recommend watching the international spot price, which has been hovering near the 5,000 US dollar per ounce mark, as it remains the primary lead for the Nepali market.
Conclusion
Sunday’s gold price increase in Nepal is a significant economic headline for 2082. With gold crossing the Rs 300,000 mark and silver once again exceeding Rs 5,000 per tola, the bullion sector is in a state of high alert. Whether you are a long term investor or a consumer buying for cultural ceremonies, staying updated with the daily rates provided by FENEGOSIDA has become essential in navigating this expensive landscape.
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