Gold price surges Rs 20,500 to new peak Rs 339,300 per tola, silver at Rs 7,505

KATHMANDU: Gold and silver hit fresh domestic records today as prices surge sharply.

Gold price jumped by Rs 20,500 to reach a record Rs 339,300 per tola, while silver gained Rs 205 to stand at Rs 7,505 per tola.

According to Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), these are the highest levels ever recorded in the domestic market.

Compared with yesterday’s trading prices of Rs 318,800 for gold and Rs 7,300 for silver, today’s sharp increases highlight the intense momentum in precious metals.

Internationally, gold is trading at around $5,570 per ounce and silver at approximately $118 per ounce, based on the latest spot market data.

Global investors continue to pour into safe‑haven assets amid lingering inflationary pressures, currency fluctuations and shifting monetary policies, with central banks aggressively adding to their gold reserves. Silver is receiving extra lift from robust demand in green technology, electronics and industrial applications, even as supplies remain constrained.

In Nepal, local traders said the massive daily jump reflects global rallies amplified by strong seasonal buying for jewellery and investments during the wedding and festival seasons. Analysts cautioned that prices may remain volatile depending on upcoming international economic data and geopolitical developments.