Gold and Silver Price Trends in Nepal: What to Expect This Season (2026)

Gold and silver prices in Nepal have been on a notable upward trajectory, recording fresh highs in recent months and creating significant interest among buyers, investors, and jewelers alike. Whether you’re planning a purchase for festivals, weddings, or as a hedge against inflation, understanding current trends and what to expect this season in 2026 can help you make informed decisions. 

Recent Price Movements in Nepal’s Precious Metals Market

Gold: Continued Upward Momentum

Over the latter part of 2025 and into early 2026, gold prices in Nepal have repeatedly hit new record levels. According to the Federation of Nepal Gold and Silver Dealers’ Association, hallmark gold continued its rise, reaching around Rs. 269,000 per tola in late December 2025 — one of the highest domestic prices ever recorded. 

Earlier in the year, gold prices had already shown strong gains, such as trading near Rs. 205,900 per tola in September 2025 before climbing further by year-end. 

Silver: Significant Gains Too

The silver market has mirrored the bullish movement seen in gold. Silver reached new highs as well, with prices at approximately Rs. 4,585 per tola in late December 2025, up significantly compared with earlier months. 

These consistent price rises reflect sustained demand and investor interest in precious metals across Nepal. Continued upward moves also align with broader global trends. For example, international price rallies and safe-haven demand have driven gold toward multi-year highs on global exchanges. 

Key Drivers Behind Price Trends

Global Market Influences

Global factors have a direct impact on Nepal’s bullion prices since the country imports nearly all its gold and silver. Major influences include:

• Safe-haven demand: Gold often rises when geopolitical uncertainties increase. 
• Interest rate expectations: Lower interest rates tend to boost precious metal demand as they become more attractive than low-yield financial assets. 
• US dollar strength and inflation: A stronger dollar or inflationary pressures often push bullion prices higher globally, which filters into Nepal’s market. 

Local Market Dynamics

In Nepal:

• Festival and wedding seasons typically boost consumer demand for gold and silver jewelry.
• Import costs, including customs duties and FX rates, influence domestic price levels.
• Investor behavior: When local investors view metals as a hedge against currency volatility, demand can rise sharply.

Local traders often update prices daily based on global signals and domestic buying patterns. 

Seasonal Expectations for 2026

Early 2026 Outlook

Given the strong momentum from late 2025 and continuing global uncertainties, gold and silver prices may remain elevated through early 2026. Analysts have noted sustained rallies and forecasts indicating ongoing interest in bullion markets. 

Gold’s appeal as a safe haven could stay strong if global economic unease persists, meaning prices might stay high or even climb further. Meanwhile, silver — which also has industrial demand components — could see higher volatility but similar upward pressure. 

Mid-Season and Later 2026 Expectations

While no market is perfectly predictable, some analysts expect:

• Moderated gains: If global supply constraints ease or interest rates stabilize, precious metals could see slower but steady price growth.
• Potential corrections: Prices of both gold and silver could experience short-term pullbacks when global markets normalize, though local demand may cushion sharp declines.

What This Means for Buyers in Nepal

Timing Your Purchase

If you’re planning to buy gold or silver for:

• Festivals (e.g., Dashain, Tihar) or weddings
• Investment portfolios
• Gifts or jewelry

Keep in mind:

• Prices are at high levels historically and can continue facing upward pressure through seasonal demand.
• Minor short-term dips can occur due to global price corrections or local supply shifts.
• Daily price tracking is essential before making large purchases. 

Investment Considerations

Precious metals may still serve as a hedge against inflation and currency depreciation. However, price volatility remains a risk, and investors should balance allocations relative to their goals.

Frequently Asked Questions (FAQ)

Q: Are gold and silver prices expected to keep rising in Nepal this season?
Prices have strong upward momentum due to global demand and local patterns. While continued rise is possible, occasional corrections may happen as markets adjust. 

Q: How often do gold and silver prices change?
Prices can change daily based on global spot rates, local demand, and currency movements, so checking updated daily rates before buying is important. 

Q: Should I wait for a price drop before buying?
Short-term dips are possible, but timing the market perfectly is difficult. Buyers often monitor trends and buy when they need rather than waiting indefinitely.

Q: Do Nepal prices differ from international prices?
Yes — domestic prices also reflect import costs, duties, and local dealer pricing, not just international spot rates.