Gold price drops by Rs 20,500 to Rs 318,800 per tola; silver to Rs 7,065 in domestic market

KATHMANDU: Gold and silver prices have corrected sharply in the domestic market today, retreating from recent record highs. Compared with yesterday’s rates of Rs 339,300 for gold and Rs 7,505 for silver, today’s prices mark steep declines of Rs 20,500 for gold and Rs 440 for silver.

According to Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), one tola of fine gold is priced at Rs 318,800, while one tola of silver stands at Rs 7,065.

Earlier on Wednesday, the precious yellow metal was traded at Rs 318,800 per tola, while one tola of silver was traded at Rs 7,300.

Internationally, gold is trading at around $5,350 per ounce and silver at approximately $113 per ounce, based on the latest spot-market data.

The downturn follows an intense rally, with investors engaging in profit‑taking amid signs of stabilising geopolitical risks, stronger economic data, and adjusted expectations for interest‑rate cuts. The white metal's drop is also influenced by moderated industrial demand forecasts.

Local traders report that the domestic market is mirroring global corrections, with buying interest cooling after the peak festival and wedding season. Analysts anticipate ongoing volatility as markets monitor central bank actions and macroeconomic indicators.