From 2.4 Lakhs to 3 Lakhs: The Shocking 2-Month Rise of Gold & Silver in Nepal

From 2.4 Lakhs to 3 Lakhs: The Shocking 2-Month Rise of Gold & Silver in Nepal

The Golden Fever: Nepal’s Jewelry Market Shatters All Records!

​If you thought your wedding budget was safe, think again! The "Yellow Metal" isn't just shining in Nepal—it’s absolutely skyrocketing. Today, Friday, January 23, 2026, the bullion market in Nepal is witnessing a historic phase that has both investors and common citizens double-checking their bank balances.

​Just a couple of days ago, on January 21, we saw gold reach an all-time peak of Rs 295,100 per tola. While there has been a slight "breather" since then, the trend remains aggressively bullish.

​💰 Today’s Market Snapshot (Jan 23, 2026)

​According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), here are the latest rates:

Gold - 301400 per tola

Silver - 6190 per tola

📈 The 2-Month "Shock" Factor: How Much Have Prices Jumped?

​To understand how wild this ride has been, we have to look back at November 2025. In just 60 days, the price gap has become massive.

1. Gold’s Exponential Leap

​In early November 2025, Hallmark gold was trading at approximately Rs 240,000 per tola. Today, at Rs 292,200, we are looking at a staggering increment of over Rs 52,000 per tola in just two months! That is a nearly 22% ROI—better than almost any other traditional investment in Nepal right now.

2. Silver’s Silent Explosion

​While gold gets the headlines, silver is the real "underdog" winner. In mid-November, silver was priced around Rs 3,175 per tola. Today, it sits at Rs 5,870.

  • The Increment: Over Rs 2,695 per tola.
  • The Growth: Silver has nearly doubled in value in just a couple of months, driven by massive industrial demand and global economic shifts.

​🔥 Why is this happening?

​The "why" is a cocktail of global and local factors. High international rates (gold is currently flirting with $4,700 per ounce), geopolitical tensions, and a weakening currency have turned precious metals into the ultimate "safe haven." In Kathmandu, New Road's jewelry shops are seeing a mix of panicked buyers trying to "lock in" prices before it hits the 3-Lakh mark and savvy sellers cashing in on their old ornaments.

​💡 Should you buy or sell?

​If you are a long-term investor, gold has proven its resilience. However, for those looking to buy wedding jewelry, the current volatility suggests keeping a close eye on daily drops. Even a small "dip" of Rs 2,000–3,000 (like we saw yesterday) can save you a fortune on a large set.


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