KATHMANDU, Feb 28: Gold and silver prices have been fluctuating over the past two weeks, but the overall trend has been upward, with gold prices surging by Rs 11,400 per tola in just 15 days — putting pressure on buyers even during the wedding season.
On February 13, gold was traded at Rs 303,500 per tola. By Friday, the price had climbed to Rs 314,900 per tola, reflecting strong bullish pressure in both domestic and international markets.
Gold price rises by Rs 500 per tola, reaches all-time high of R...
The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) said the rise in domestic prices has largely been driven by the upward trend in the international gold market. Global market instability has also pushed more investors toward safe-haven assets like gold, increasing demand and further driving up prices.
Similarly, silver prices also increased during the same period, rising by Rs 740 per tola. At the beginning of the month, silver was traded at Rs 5,000 per tola, reaching Rs 5,740 per tola by Friday.
Despite the ongoing wedding season — typically a peak business period for the bullion market — traders said transactions have remained sluggish. High prices have discouraged many customers from making purchases, slowing overall market activity.
