Understanding Financial Products
Another Record Setting Day for Gold Price in Nepal, Silver Price Follows the Trend: Gold Price in Nepal Today for 22 October 2024 (6 Kartik 2081)
by Khatapana
Oct 22, 2024 - 3 min read
Gold prices continue to break the all time high record with a notable Rs.300 increase on 22nd October (6th Kartik, 2081). The current price for 24K gold in Nepal stands at Rs. 165,900 per tola.
Let's dive into a more detailed breakdown of today’s gold and silver prices.
Gold Price in Nepal Today – 22 October 2025 (6 Kartik 2081)
- 24K Fine Gold Price: NPR 165,900 per tola
Comparison with the previous day:
- 24K Fine Gold Price Yesterday: NPR 165,600 per tola
- Price change: A notable increase of NPR 300 per tola in 24 hours.
Record-Breaking News:
Gold prices in Nepal have seen a steady increase with today’s price marking the highest-ever recorded price for 24K fine gold.
It’s not just gold prices that have been on the rise, silver prices have been growing at a steady rate as well, marking the highest ever recorded price yet again. Silver prices saw a small increase of Rs. 5, reaching Rs. 2,100 per tola.
Silver Price in Nepal Today – 22 October 2024 (6 Kartik 2081)
- Current Silver Price: NPR 2,100 per tola
Comparison with the previous day:
- Silver Price Yesterday: NPR 2,095 per tola
- Price change: A smaller, yet steady, increase of NPR 5 per tola
Why Are Gold Prices Surging in Nepal?
Well, the surge is not limited to Nepal. Gold prices have been steadily increasing globally over the past few months. But why exactly is this happening? Primarily the following two factors play a significant role in the gold price surge in Nepal:
- Global Economic Uncertainty: With wars, inflation, and fears of an economic slowdown, people get worried about their money losing value. That’s when gold becomes really popular. But why? Gold is considered a "safe bet" because, unlike paper money or stocks, its value doesn’t drop as quickly during tough times. It has been valuable for thousands of years, so people trust that it will keep its worth even when everything else feels shaky. When more people buy gold to protect their wealth, the price goes up – and that’s happening in Nepal too!
- International Gold Market: Nepal has to import gold. So, when prices go up in the international market, Nepal gets hit with those same rising costs. Add to that the fact that the Nepali rupee isn’t as strong as it used to be against the U.S. dollar, which means buying gold from outside is getting pricier.
How Long Is This Gold Price Surge Going to Last?
Gold has been on a roll lately, but will it stay this way? That’s the million-rupee question! Here’s the thing – Nepal doesn’t have much control over gold prices because we rely on other countries to supply it. If things settle down globally, we might see the price go down a bit. But if the world stays as unpredictable as it is now, gold might just keep getting more expensive.
Add in the fact that people are buying more during festivals, and the price could stay high in the near future. So, should you buy now or wait for the price to drop? That’s tricky! No one can really predict the market, so if you’re thinking of investing, just be sure to weigh the pros and cons carefully. But did we tell you that buying gold jewelry is not actually a great investment if you are looking to take advantage of the ongoing price surge. Instead buy gold coins from Nepal Rastra Bank which are often very limited in supply. Want to know more about this? Do let us know in the comments below or by sending an email to admin@khatapana.com.