Kathmandu: Precious metal prices in Nepal have been on an upward trajectory over the first week of Kartik, indicating growing demand and market volatility.

On Kartik 1, gold was priced at Rs. 162,400 per tola and saw steady increases, reaching Rs. 165,900 per tola by Kartik 6. Silver prices also rose, starting at Rs. 1,950 per tola and peaking at Rs. 2,100 per tola over the same period.

The continuous rise in prices is attributed to heightened festive buying and global market trends. Analysts suggest that inflation, international gold demand, and economic uncertainties may further influence the market in the coming days.

Nepal’s gold prices are often influenced by movements in international markets and local festivals like Tihar, which fuel the demand for jewelry and precious metals. With further economic fluctuations expected, both gold and silver may remain volatile in the near future.

Gold Prices (Rs. per tola):

Kartik 1: 162,400
Kartik 2: 164,400
Kartik 4: 165,000
Kartik 5: 165,600
Kartik 6: 165,900

Silver Prices (Rs. per tola):

Kartik 1: 1,950
Kartik 2: 1,980
Kartik 4: 2,075
Kartik 5: 2,095
Kartik 6: 2,100