Kathmandu, Nepal, January 7, 2025: In a move that has left many local buyers and investors on edge, gold and silver prices saw a significant surge across Nepal on Wednesday, January 6, 2026. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of fine gold jumped by Rs 3,100 per tola, pushing the trading rate to Rs 268,100. The hike adds a layer of stress to what has already been a volatile start to the week; after gold sat at Rs 265,000 on Monday, it is now rapidly climbing back toward the late-December record high of Rs 270,600.
The silver market mirrored this tension, with prices climbing by Rs 195 per tola. The metal is currently being traded at Rs 4,880 per tola, a noticeable jump from Monday’s rate of Rs 4,685. This sharp growth in just a few days highlights a mix of tightening supply and a sudden rush of interest from domestic buyers looking to secure their savings.
Industry experts say the primary reason for these local spikes is the anxiety felt on the global stage. Recent geopolitical friction involving the U.S. and Venezuela has pushed international investors to seek safety in gold, a move that ripples down to jewelry shops in Nepal almost immediately. A representative from FENEGOSIDA explained that while these events happen thousands of miles away, the impact is felt directly by Nepali consumers who still view bullion as the ultimate safety net during uncertain times.
As of Wednesday, the market remains in a state of "wait and see." With gold hovering near its all-time historic peak, both dealers and everyday consumers are bracing for more changes as they keep a close eye on the shifting global economy.
