Gold Price in Nepal Today Surges Sharply in Domestic Market
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22nd February 2026, Kathmandu
The domestic bullion market in Nepal has experienced an unprecedented financial shock as the price of gold witnessed a historic single day surge of 5,600 rupees per tola. According to the official price list released by the Federation of Nepal Gold and Silver Dealers Association on February 22, 2026 (Falgun 11, 2082), the price of fine gold has officially reached a record high of 310,300 rupees per tola. This massive spike represents one of the largest daily increments in the history of the Nepali gold market, pushing the precious metal into a new price bracket that has left consumers and jewelers in a state of disbelief. The ripple effect of this increase was also felt in the silver market, which saw its own substantial rise, further signaling a period of extreme volatility in the precious metals sector as the nation enters the spring season.
Gold Price in Nepal
The primary catalyst for the Gold Price in Nepal Today reaching this astronomical level is the intense activity in the international bullion markets. Global gold prices have surged toward all-time highs as central banks in major economies, particularly in Asia and the Middle East, continue to increase their gold reserves. Furthermore, heightened geopolitical tensions in Eastern Europe and the Middle East have driven international investors toward safe-haven assets. Since Nepal is entirely dependent on imports for its gold supply, with the Nepal Rastra Bank regulating the daily quota for commercial banks, the domestic market is forced to mirror these global fluctuations almost instantly. When the international price of gold climbs per ounce in London or New York, the Federation in Kathmandu must adjust the local rate to prevent cross-border smuggling and maintain market equilibrium.
Currency exchange rates have also played a decisive role in today’s 5,600 rupee price hike. The Nepali rupee has faced continued pressure against the US dollar, making the cost of importing gold significantly more expensive. Since international gold trading is conducted in dollars, a weakening rupee means that more local currency is required to purchase the same amount of gold. This double impact of rising global bullion rates and a depreciating local currency has created a perfect storm for the record breaking price of 310,300 rupees per tola. Market analysts suggest that if the US Federal Reserve continues to maintain its current stance on interest rates, the dollar may remain strong, keeping the gold price in Nepal at these elevated levels for the foreseeable future.
The impact of this price surge on the local jewelry industry is profound. We are currently in the middle of a busy wedding season in Nepal, a period when demand for gold traditionally peaks. Families who have been planning weddings for months are now facing a sudden and massive increase in their budgets. A typical wedding set that requires five tolas of gold now costs 28,000 rupees more than it did just 24 hours ago. Jewelers in New Road, Kathmandu, and other major hubs like Pokhara and Butwal have reported a sharp decline in new orders, with many customers opting to exchange old gold jewelry rather than purchasing new bullion. The high price has also led to concerns about the sustainability of the 20-kilogram daily gold import quota, with dealers calling for an increase in supply to prevent a shortage during this high-demand period.
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Silver has not been immune to this upward trend. Along with the gold surge, silver prices in Nepal increased by 375 rupees per tola on the same day. As of Sunday, silver is being traded at 5,425 rupees per tola. Silver is often used as a more affordable alternative for traditional ornaments and utensils in Nepal, particularly among middle-class families. However, at over 5,000 rupees per tola, silver is also reaching price points that challenge its status as an accessible metal for the common consumer. The parallel rise in both metals indicates a broad-based move toward physical assets as a hedge against domestic inflation and global economic uncertainty.
For investors, the Gold Price in Nepal Today presents a complex scenario. While those who held gold prior to today have seen a significant increase in their portfolio value, new investors are wary of entering the market at such high peaks. Historically, gold in Nepal has provided a reliable long-term return, outperforming many other asset classes including bank fixed deposits and real estate in certain years. However, the current volatility requires a cautious approach. Financial experts recommend that instead of making large bulk purchases during such record-high periods, investors should consider a systematic approach, perhaps waiting for minor market corrections that often follow such steep climbs.
In conclusion, the surge in the Gold Price in Nepal Today to 310,300 rupees per tola is a landmark event in the country’s economic calendar for 2082. The combination of international market pressure, currency devaluation, and high seasonal demand has pushed precious metals to levels that were unimaginable just a few years ago. As the Federation of Nepal Gold and Silver Dealers Association continues to monitor the global situation, consumers and investors are advised to stay informed through official channels. Whether this price level becomes the new normal or a temporary peak remains to be seen, but for now, the gold market in Nepal remains one of the most talked-about and dynamic sectors of the national economy.
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