Gold Price Today in Nepal in Nepalese Rupee (NPR)

Monday, 7 October 2024, 3:54 AM

Gold ounce price in Nepal is 396,325.79 Nepalese Rupee per ounce, Gold gram price is 12,743.59 per gram karat 24, 11,681.63 Nepalese Rupee per gram karat 22, 11,150.65 Nepalese Rupee per gram karat 21, 9,557.70 Nepalese Rupee per gram karat 18.

How Gold Price is Determined in Nepal

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.

Price of Gold Bullion in Nepal in Nepalese Rupee

• The price of gold bullion 5 grams 24K in Nepal: 63,717.97 Nepalese Rupee
• The price of gold bullion 10 grams 24K in Nepal: 127,435.95 Nepalese Rupee
• The price of gold bullion 20 grams 24K in Nepal: 254,871.89 Nepalese Rupee
• The price of gold bullion 50 grams 24K in Nepal: 637,179.73 Nepalese Rupee
• The price of gold bullion 100 grams 24K in Nepal: 1,274,359.47 Nepalese Rupee
• The price of gold bullion 250 grams 24K in Nepal: 3,185,898.66 Nepalese Rupee
• The price of gold bullion 500 grams 24K in Nepal: 6,371,797.33 Nepalese Rupee
• The price of gold bullion 1000 grams 24K in Nepal: 12,743,594.65 Nepalese Rupee

Predictions for Gold Prices in Nepal

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.

Gold price in Nepal in October 2024 in Nepalese Rupee