Gold Price Drops 8800 Per Tola in Two Days | Latest Gold & Silver Rates in Nepal
29th September 2026, Kathmandu
The domestic bullion market in Nepal has witnessed a sharp decline, with gold prices plunging by Rs 8,800 per tola across two consecutive trading sessions.
According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine hallmark gold is trading at Rs 2,90,500 per tola on Tuesday. This follows a single-day drop of Rs 3,800 per tola on Tuesday and a steep Rs 5,000 per tola fall recorded on Monday.
Silver prices have also followed a downward trajectory, losing a combined Rs 260 per tola over the same two-day period.
Today’s Gold and Silver Rates in Nepal
The official daily reference rates published by FENEGOSIDA for both per tola (11.66 grams) and per 10-gram unit are summarized below:
| Metal Category | Unit | Yesterday’s Price (NPR) | Today’s Price (NPR) | Daily Change (NPR) | Two-Day Total Change |
| Fine Gold (9999) | Per Tola | Rs 2,94,300 | Rs 2,90,500 | – Rs 3,800 | – Rs 8,800 |
| Fine Gold (9999) | Per 10 Grams | Rs 2,52,310 | Rs 2,49,055 | – Rs 3,255 | – Rs 7,541 |
| Silver | Per Tola | Rs 4,510 | Rs 4,395 | – Rs 115 | – Rs 260 |
| Silver | Per 10 Grams | Rs 3,866 | Rs 3,768 | – Rs 98 | – Rs 223 |
Breakdown of the Two-Day Market Decline
Gold Rate Slump
Monday Decline: Gold opened the week with a major drop of Rs 5,000 per tola, pulling trading down from Rs 2,99,300 to Rs 2,94,300 per tola.
Tuesday Decline: The downward momentum continued as rates fell further by Rs 3,800 per tola, setting the market rate at Rs 2,90,500 per tola.
Silver Price Pullback
Monday Decline: Silver rates fell by Rs 145 per tola, dropping from Rs 4,655 to Rs 4,510 per tola.
Tuesday Decline: The price slipped another Rs 115 per tola, settling at Rs 4,395 per tola.
Key Drivers Behind Domestic Price Fluctuations
Domestic precious metal prices in Nepal do not operate in isolation. FENEGOSIDA adjusts daily rates based on a combination of international and domestic economic factors:
Global Bullion Market Trends: Fluctuations in international gold spot prices directly influence local rates in Nepal.
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Foreign Exchange Rates: Since gold is imported in US dollars, any strengthening or weakening of the Nepalese Rupee (NPR) against the USD impacts domestic import costs.
Customs Duty & Fiscal Policies: Government tax structures and import quotas set by Nepal Rastra Bank regulate supply volume and baseline costs.
Seasonal Festival Demand: Local festive seasons typically boost physical demand for jewelry, creating short-term pricing variations.
Impact on Consumers and Investors
Jewelry Buyers: The sudden price reduction offers relief to retail consumers and families preparing for upcoming wedding and festive seasons.
Investors & Traders: Short-term gold traders and retail bullion investors are watching the market closely for potential support levels before making new physical or paper gold commitments.
Frequently Asked Questions (FAQs)
What is the current gold price in Nepal today?
As determined by FENEGOSIDA, fine hallmark gold is trading at Rs 2,90,500 per tola (Rs 2,49,055 per 10 grams).
How much did gold prices fall in Nepal over the last two days?
Gold prices plummeted by a total of Rs 8,800 per tola over two consecutive trading days (Rs 5,000 drop on Monday and Rs 3,800 drop on Tuesday).
What is the silver rate in Nepal today?
Silver is currently priced at Rs 4,395 per tola (Rs 3,768 per 10 grams), following a Rs 115 per tola decrease today.
Who sets daily gold and silver rates in Nepal?
Daily rates are fixed by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) based on international market prices, foreign currency rates, and government tariffs.
For more: Gold Price Drops 8800 Per Tola
