Friday, 11 October 2024, 3:09 PM
Gold Unit | Nepalese Rupee | U.S. Dollar |
---|---|---|
Gold Ounce | 396,158.12 | 2,652.52 |
Gold Gram Karat 24k | 12,738.20 | 85.29 |
Gold Gram Karat 22k | 11,668.19 | 78.13 |
Gold Gram Karat 21k | 11,145.93 | 74.63 |
Gold Gram Karat 18k | 9,553.65 | 63.97 |
Gold Gram Karat 14k | 7,451.85 | 49.89 |
Gold Gram Karat 12k | 6,369.10 | 42.65 |
Gold Gram Karat 10k | 5,311.83 | 35.57 |
Gold Gram Karat 9k | 4,776.83 | 31.98 |
Gold Gram Karat 8k | 4,241.82 | 28.40 |
In Nepal, gold is an integral part of culture, jewelry, and traditions. The most commonly used gold karats are 22K, 18K, and 14K, each having its significance and usage.
22K gold is the most popular and widely used grade in Nepal, accounting for the lion's share of jewelry. Comprising 91.6% pure gold, it is favored for its rich color and luster. Celebrated for crafting intricate designs, 22K gold jewelry is often associated with weddings and festivals.
18K gold follows closely in popularity. This alloy consists of 75% pure gold and is combined with other metals for improved durability. While not as prevalent as 22K, 18K gold is often chosen for modern designs, appealing to younger generations who appreciate its sturdiness and lower cost compared to higher karats.
14K gold is the least common in Nepal and contains 58.3% pure gold. It is primarily used for certain types of jewelry that require greater strength and resistance to wear. Although less traditional, 14K gold caters to a niche market seeking affordability and durability.
The price of gold in Nepal is influenced by a variety of factors that combine local dynamics and global market trends. One of the primary determinants is the international gold price, which fluctuates based on supply and demand, geopolitical stability, inflation rates, and currency values. Since Nepal imports all its gold, any changes in the international market directly impact local prices.
Moreover, the exchange rate of the Nepalese Rupee (NPR) against major currencies, particularly the US Dollar, plays a crucial role. A weaker Rupee makes gold more expensive in local currency terms, increasing overall prices. Additionally, government policies, including import duties and taxes imposed on gold, also affect its price. The Nepal Rastra Bank (NRB) regulates the gold market, enforcing quotas and establishing guidelines that influence availability and cost.
Furthermore, domestic market demand, especially during festivals and wedding seasons, can lead to price surges as consumers buy more gold for traditional purposes. Thus, gold prices in Nepal are a result of a complex interplay between global dynamics and local economic conditions, making them highly sensitive to various influencing factors.
The gold market in Nepal has been experiencing fluctuating prices due to various economic factors and global trends. Analysts predict that gold prices in Nepal may continue to rise in the coming months, influenced by both local and international dynamics. Central to these predictions is the ongoing geopolitical instability and inflationary pressures that are prompting investors to seek safe-haven assets like gold.
Additionally, the demand for gold in Nepal, especially during festivals and wedding seasons, often drives prices higher. As gold holds significant cultural value in Nepalese society, any increase in demand can contribute to price surges. Moreover, changes in government policies, import duties, and currency fluctuations can also affect the gold market.
It is also important to note that the global economic outlook plays a crucial role in shaping gold prices. If the international gold market experiences bullish trends, it is likely that Nepalese prices will follow suit. Therefore, potential investors in gold in Nepal should remain vigilant and informed about both local and global economic indicators before making investment decisions.
Date | Gold Ounce | Gold Gram Karat 24 | Gold Gram Karat 22 | Gold Gram Karat 21 | Gold Gram Karat 18 | Gold Gram Karat 14 |
---|---|---|---|---|---|---|
10 October 2024 | 390,354.83 | 12,551.60 | 11,504.71 | 10,980.45 | 9,410.68 | 7,323.73 |
9 October 2024 | 390,467.20 | 12,555.22 | 11,508.02 | 10,983.61 | 9,413.38 | 7,325.84 |
8 October 2024 | 393,956.05 | 12,667.40 | 11,610.85 | 11,081.75 | 9,497.49 | 7,391.30 |
7 October 2024 | 396,325.79 | 12,743.59 | 11,680.69 | 11,148.40 | 9,554.62 | 7,435.76 |
6 October 2024 | 396,923.66 | 12,762.82 | 11,698.31 | 11,165.22 | 9,569.04 | 7,446.97 |
5 October 2024 | 396,923.66 | 12,762.82 | 11,698.31 | 11,165.22 | 9,569.04 | 7,446.97 |
4 October 2024 | 397,895.02 | 12,794.05 | 11,726.94 | 11,192.55 | 9,592.45 | 7,465.20 |
3 October 2024 | 396,661.60 | 12,754.39 | 11,690.59 | 11,157.85 | 9,562.72 | 7,442.06 |
2 October 2024 | 395,589.88 | 12,719.93 | 11,659.00 | 11,127.70 | 9,536.88 | 7,421.95 |
1 October 2024 | 393,411.51 | 12,649.89 | 11,594.80 | 11,066.43 | 9,484.37 | 7,381.08 |
30 September 2024 | 394,982.88 | 12,700.41 | 11,641.11 | 11,110.63 | 9,522.25 | 7,410.56 |
29 September 2024 | 394,147.16 | 12,673.54 | 11,616.48 | 11,087.12 | 9,502.10 | 7,394.88 |
28 September 2024 | 394,147.16 | 12,673.54 | 11,616.48 | 11,087.12 | 9,502.10 | 7,394.88 |
27 September 2024 | 396,937.77 | 12,763.27 | 11,698.73 | 11,165.62 | 9,569.38 | 7,447.24 |
26 September 2024 | 396,819.08 | 12,759.46 | 11,695.23 | 11,162.28 | 9,566.52 | 7,445.01 |
25 September 2024 | 392,854.37 | 12,631.97 | 11,578.38 | 11,050.76 | 9,470.93 | 7,370.63 |
24 September 2024 | 391,706.97 | 12,595.08 | 11,544.56 | 11,018.48 | 9,443.27 | 7,349.10 |
23 September 2024 | 389,639.14 | 12,528.59 | 11,483.62 | 10,960.31 | 9,393.42 | 7,310.30 |
22 September 2024 | 388,992.36 | 12,507.79 | 11,464.56 | 10,942.12 | 9,377.83 | 7,298.17 |
21 September 2024 | 388,992.36 | 12,507.79 | 11,464.56 | 10,942.12 | 9,377.83 | 7,298.17 |
20 September 2024 | 385,161.36 | 12,384.61 | 11,351.65 | 10,834.36 | 9,285.47 | 7,226.29 |
19 September 2024 | 382,947.14 | 12,313.41 | 11,286.39 | 10,772.07 | 9,232.09 | 7,184.75 |
18 September 2024 | 381,393.17 | 12,263.45 | 11,240.59 | 10,728.36 | 9,194.63 | 7,155.59 |
17 September 2024 | 383,387.72 | 12,327.58 | 11,299.37 | 10,784.46 | 9,242.71 | 7,193.02 |
16 September 2024 | 385,049.51 | 12,381.01 | 11,348.35 | 10,831.21 | 9,282.78 | 7,224.19 |
15 September 2024 | 385,115.51 | 12,383.14 | 11,350.29 | 10,833.07 | 9,284.37 | 7,225.43 |
14 September 2024 | 385,115.51 | 12,383.14 | 11,350.29 | 10,833.07 | 9,284.37 | 7,225.43 |
13 September 2024 | 381,049.60 | 12,252.40 | 11,230.46 | 10,718.69 | 9,186.35 | 7,149.15 |
12 September 2024 | 376,972.21 | 12,121.29 | 11,110.29 | 10,604.00 | 9,088.05 | 7,072.65 |
11 September 2024 | 376,362.68 | 12,101.69 | 11,092.33 | 10,586.85 | 9,073.35 | 7,061.21 |