Gold prices saw a small drop in the Nepali market on Friday, bringing slight relief to buyers. The latest figures from Nepal’s official gold and silver dealers show a decline of Rs. 800 per tola compared to the previous day.
On Friday, the price of hallmark gold was listed at Rs. 194,700 per tola. This marks a drop from Thursday’s rate of Rs. 195,500 per tola. Although the decrease is not large, it reflects recent shifts in global and local demand.
The fall in gold prices may encourage more consumers to buy jewelry ahead of upcoming festivals and wedding seasons. Jewelers in Kathmandu said customer interest often rises when prices dip, even by small margins.
Silver prices also went down. The new price for silver is Rs. 2,150 per tola. That is a drop of Rs. 50 from the previous day’s price of Rs. 2,200. Like gold, silver prices tend to shift with changes in the global market, local supply, and buying trends.
Experts say the price of precious metals in Nepal depends on international rates, the strength of the US dollar, and local market movements. Any shift in global gold or silver prices often has a direct impact on local rates.
In Nepal, gold is not only used for decoration and gifts. It is also seen as a form of saving and financial security. A drop in price, even if small, can lead to more people investing in gold for long-term benefits.
Dealers also noted that frequent changes in rates are common. Buyers are advised to check daily updates before making any major purchases.
Many traders track gold prices closely, especially when the market shows signs of falling. Some buyers use these dips to buy in bulk or to make planned purchases at lower costs.
The recent price change shows how quickly the market can move. It is a reminder for both buyers and sellers to stay updated and respond fast to price trends.
Nepal’s gold market is influenced by supply from international sources. Since the country imports gold, global price shifts, taxes, and foreign exchange rates all play a part in setting the daily price.
Silver, while cheaper than gold, also plays a key role in the local market. It is widely used in jewelry, utensils, and traditional items. Many consumers buy silver during cultural events and family functions.
Although prices are down today, future rates remain uncertain. Global news, currency shifts, and trade rules can all affect what buyers will pay in the coming days.
Gold and silver dealers update prices daily based on changes in the global market and local demand. Buyers can find these updates online or through local shops.
With the festival season ahead, traders expect demand to rise, which could lead to price changes again soon.
