Gold has long been considered a valuable commodity and a symbol of wealth in Nepal. With the demand for gold rising every passing year, it remains a popular investment option for many Nepalese people. In this article, we will discuss the current gold rates in Nepal, compare them to other countries, examine factors that influence gold prices, explore the different karats of gold available in Nepal, and evaluate some historical gold rate trends in the country.

Gold rate in Nepalese Rupees (NPR)

You can check below Chart for Today’s Gold Price in Nepal. You can also find today’s Rate for Fine Gold, Tejabi Gold and Silver.

Gold & Silver Price in Nepal – 30th April 2023 / 17 Baisakh 2080

1 Tola (१ तोला)	Price NRs. (मूल्य रु)
Gold Hallmark – छापावाल सुन	1,09,200.00
Gold Tejabi – तेजाबी सुन	1,08,700.00
Silver – चाँदी	1,410.00
10 Grams (१० ग्राम)	Price NRs. (मूल्य रु)
Gold Hallmark – छापावाल सुन	93,620.00
Gold Tejabi – तेजाबी सुन	93,190.00
Silver – चाँदी	1,213.00

Price of gold per tola in Nepal

For those unfamiliar with the term “tola,” it is a traditional unit of measurement used in South Asia to weigh gold and silver. One tola is equivalent to 11.66 grams, and its use is prevalent in Nepal’s gold industry. To purchase 1 tola of 24K gold in Nepal, you would need to pay the price as per today’s gold rate in Nepal.

Live gold price updates in Nepal

Gold prices are subject to fluctuations in the international commodity markets, and it is vital to keep track of these movements to make informed investment decisions. You can visit us daily to get the latest live gold price updates in Nepal.

How does the gold rate in Nepal compare to other countries?

In recent years, the gold rate in Nepal has shown a steady increase, much like many other countries around the world. However, in comparison to developed nations with established gold markets, such as the United States and Europe, Nepal’s gold rate remains considerably lower. This is due in part to the country’s developing economy, which is not yet as heavily reliant on gold as other countries. However, despite this, the demand for gold is still strong in Nepal, with many citizens viewing gold as a safe and reliable investment. As a result, Nepal has a thriving gold trade with its neighboring countries, such as India and China, where the gold rate is similarly high. Nonetheless, the gold market in Nepal remains distinctly separate from other world markets, and the rate is likely to remain comparatively low until the country’s economy continues to develop at a steady pace.

Gold rate trends in India and Pakistan

India and Pakistan are neighboring countries of Nepal and share cultural and economic ties. When it comes to gold rates, there are similarities and differences. The current gold price while writing this article in India is INR 60,190 per 10 grams of 24K gold, while in Pakistan, it is PKR 187,330 per 10 grams. It is approximately NPR 96,321 while we convert the INR where as it’s NPR 86,799 if we convert the PKR. While looking at today’s Gold price in Nepal it’s NPR 110,204 for 10 grams. Therefore, the price of gold in Nepal is somewhere above the rates in India and Pakistan.

Comparison of gold prices in Nepal and Dubai

Gold is a popular commodity in the United Arab Emirates, especially Dubai, where the city is known as a center for gold trading. The current gold price when writing this article in Dubai is AED 241.25 per gram of 24K gold. This translates to approximately NPR 8,628 per gram, which is lower than the rate in Nepal. However, it is worth noting that Dubai’s gold prices are subject to fluctuations, and the prices may differ depending on the day and time.

Gold rates in Nepal versus the United States

In the United States, the current gold price is USD 645 per 10 gram of 24K gold. This is approximately NPR 84,727 per 10 gram, making the rates in Nepal more expensive than that in the U.S. However, it is worth noting that gold prices are subject to many factors, and it is crucial to consider local market trends.

What determines the gold price in Nepal?

The role of international market forces

The price of gold is dependent on several market forces, including global demand and the strength of the U.S. dollar. Gold is a widely traded commodity, and it is influenced by geopolitical tensions, inflation rates, and interest rates. When these factors generate uncertainty in the markets, investors view gold as a safe haven for their investments, which could lead to a rise in gold prices.

Influence of the Nepali economy on gold prices

The Nepali economy is one of the factors that affect gold prices in the country. In 2020, the Nepalese government introduced an economic stimulus package to support industries affected by the COVID-19 pandemic. The government’s moves to increase liquidity in the market and support small businesses could have an impact on the demand for gold in the country and, consequently, the prices.

Impact of global events on gold rates in Nepal

Global events such as pandemics, political instability, and economic crises have significant effects on gold prices across the world. For example, during the COVID-19 pandemic, gold prices have seen a rise as investors turned to safe-haven assets to hedge against market uncertainties. Hence, it is essential to keep an eye on global events that could influence gold prices in Nepal.

What are the different karats of gold available in Nepal?

In Nepal, gold is considered an important investment and is widely used in cultural and religious occasions. The karats of gold available in the country range from 18K to 24K. The term karat indicates the percentage of gold present in the alloy. 24K gold, also known as pure gold, contains 99.9% gold and is the most expensive karat available. 22K gold is the most commonly used karat for jewelry making in Nepal as it is less expensive compared to pure gold while also retaining its shine and durability. 18K gold, which contains 75% gold, is also a popular choice among consumers who prefer a lower karat content. 14K gold, containing 58.3% gold, is not a common choice in Nepal but is available. It is important to note that the purity and karat of gold can affect its value and the price at which it is available in the market. Thus, it is essential to have adequate knowledge about the karats of gold before making an investment in the precious metal.

Understanding 24 karat and 22 karat gold in Nepal

The term “karat” refers to the purity of gold. In Nepal, 24K gold is considered the purest form of gold, with a gold content of 99.9%. On the other hand, 22K gold has a gold content of 91.67%. 22K gold contains alloy metals such as copper, silver, or zinc to make it more durable, while 24K gold is soft and prone to damage.

Is 24 karat gold always more expensive in Nepal?

Yes, due to its high gold content, the cost of 24K gold is generally higher than that of 22K gold in Nepal. However, it is worth noting that the price of gold is subject to market forces, and the demand and supply dynamics could also affect the prices.

How does the fineness of gold affect its price in Nepal?

The fineness of gold refers to the percentage of pure gold in the metal. It is one of the factors that affect gold prices in Nepal. The higher the gold content, the more expensive the metal. For example, if the price of 1 gram of 24K gold is NPR 7,620, the price of 1 gram of 18K gold will be lower due to its lower purity. The price of 18K gold is often calculated by multiplying the 24K gold rates by 0.75.

What are some historical gold rate trends in Nepal?

The rise of gold prices in Nepal in recent years

Over the past decade, gold prices in Nepal have seen a rise, reflecting global trends. In 2010, the gold rate in Nepal was NPR 36,184 per tola, while in 2020, the price increased to NPR 65,500 per tola. The gold rates in Nepal have continued to rise, and as of April 2023, the price of 1 tola of 24K gold stands at NPR 89,000.

Gold price trends in Nepal during the COVID-19 pandemic

The COVID-19 pandemic had a significant impact on the global economy, and Nepal was not exempted. In early 2020, during the pandemic’s peak, gold prices shot up significantly in Nepal. The prices continued to rise, and Nepal saw an all-time high in gold prices in August 2020 when the rate reached NPR 100,300 per tola.

Key factors that have influenced gold rate trends in Nepal

Several factors have contributed to the rise in gold prices in Nepal, including global economic uncertainty, inflation, and currency devaluation. Also, the Nepali government’s recent policies, such as higher taxes on gold imports and a ban on informal gold trading, have contributed to the rise in gold prices in the country.

In conclusion, gold has been a popular investment option in Nepal, and its demand continues to rise with every passing year. Keeping an eye on gold price trends, understanding the different karats of gold, and tracking market forces could help you make informed investment decisions on this precious metal.

Frequently Asked Questions:

Q: What is the current gold price in Nepal?

A: The current gold price in Nepal varies according to the weight and fineness of the gold. However, as of today (22nd April 2023), the price of 24 karat gold in Nepal  is 110,204 for 10 grams. For latest gold price you should visit this page daily.

Q: Can I buy gold in Nepal in Nepalese Rupee?

A: Yes, you can buy gold in Nepal using the Nepalese Rupee currency from authorised seller.

Q: What is the price of gold and silver in Nepal?

A: The price of gold and silver in Nepal changes daily depending on different factors. You can check the live gold and silver price charts available online for the latest rates.

Q: What is the gold rate history in Nepal?

A: The gold rate history in Nepal shows the price of gold over a period of time. Gold rates in Nepal are affected by various factors such as global economic conditions, inflation, and currency exchange rates. You can observe the Gold rate history in Nepal on the chart available in this page.

Q: What is the 22 Karat gold price in Nepal per tola?

A: As of today, the 22 Karat gold price in Nepal per tola (11.66 grams) is around NPR 1,09,650.

Q: Can I see the gold price chart in Nepal?

A: Yes, you can check the gold price chart in Nepal online to see the price trends over a certain period of time.

Q: What is the weight of One Tola gold in Nepal?

A: One Tola gold is equivalent to 11.66 grams in Nepal.

Q: What is the difference between 21k and 22k gold?

A: The difference between 21k and 22k gold is the purity of gold. 22k gold is 91.67% pure gold, while 21k gold is 87.5% pure gold.

Q: Is there a difference in gold price in Nepal in Indian Rupees?

A: Yes, the gold price in Nepal can be different when quoted in Indian Rupees due to the different currency exchange rates.

Q: Can I buy gold in Nepal in Kilograms?

A: Yes, you can buy gold in Nepal in kilograms. The gold price in Nepal will depend on the weight of gold purchased. You might need additional documents of your income source too if you try to buy gold in kilograms in Nepal.