Gold Price in Nepal – Historical Reference (per Tola)
Nepal gold prices broadly track global XAU/USD, amplified by NPR depreciation. Gold has tripled in NPR price over 2015–2025, making it one of the best-performing assets for Nepali investors.
| Year (Approx.) | Hallmark Gold / Tola (NPR) | Tejabi Gold / Tola (NPR) | Silver / Tola (NPR) | YoY Change |
|---|---|---|---|---|
| 2015 | ~60,000 | ~55,000 | ~800 | – |
| 2017 | ~72,000 | ~66,000 | ~900 | +20% |
| 2019 | ~85,000 | ~78,000 | ~1,000 | +18% |
| 2020 | ~105,000 | ~97,000 | ~1,400 | +24% |
| 2021 | ~93,000 | ~86,000 | ~1,200 | −11% |
| 2022 | ~115,000 | ~106,000 | ~1,350 | +24% |
| 2023 | ~130,000 | ~120,000 | ~1,500 | +13% |
| 2024 | ~185,000 | ~170,000 | ~2,200 | +42% |
| Early 2025 | ~230,000+ | ~210,000+ | ~3,000+ | +24% |
| Apr 2026 (Live ↑) | See live rate | See live rate | See live rate | Record highs |
Why Gold Prices Are at Record Highs in 2025
Gold prices in Nepal and globally have surged to all-time highs in 2025, crossing NPR 2.5 lakh per tola for the first time. Several factors are driving this bull market:
- Global geopolitical uncertainty — Conflicts in the Middle East, Europe, and trade tensions have pushed investors toward safe-haven assets like gold.
- Central bank gold buying — Central banks worldwide, including from China, India, and emerging markets, have been buying gold at record pace to reduce USD dependency.
- US interest rate expectations — As the US Fed pivots toward rate cuts, gold becomes more attractive versus yield-bearing assets.
- NPR depreciation — The Nepalese Rupee has depreciated approximately 30–35% against the USD over the last decade, meaning even flat global gold prices translate to higher NPR prices.
- Silver's industrial surge — Silver prices have also risen sharply driven by solar panel manufacturing, EV batteries, and industrial demand — adding to its investment appeal.
Understanding NRB Exchange Rates
Nepal Rastra Bank publishes official foreign exchange rates every business day for approximately 20 major currencies. These rates serve as the official benchmark for banks, financial institutions, and government transactions in Nepal.
- Buying rate — The rate at which NRB (and commercial banks) buy foreign currency from you. If you're bringing USD to Nepal, this is what you receive.
- Selling rate — The rate at which banks sell foreign currency to you. If you're sending money abroad or buying foreign currency, this is what you pay.
- INR peg — The Indian Rupee is pegged at a fixed rate of NPR 160 per INR 100. This peg stabilizes Nepal's economy given India's dominant trade share.
- Remittance impact — Nepal receives about 25–30% of GDP as remittances. Favourable USD/NPR rates mean more NPR for each dollar sent home by migrant workers.
Frequently Asked Questions
The live NRB rate is shown at the top of this page. As of recent data, the USD buying rate is approximately NPR 135–150 and selling rate around NPR 136–151. Check the Exchange Rates tab for today's exact official figures from NRB's API.
NRB publishes official exchange rates once per business day, typically in the morning. Rates are not updated on weekends or public holidays. The most recent available rates are shown when NRB hasn't published for the day yet.
Hallmark gold (Chapawal) is 24-karat (99.5% pure) gold, the highest purity standard. Tejabi gold is 22-karat (91.67% pure), with copper and silver alloys added for durability in jewelry making. Most Nepali jewelry uses Tejabi gold. Hallmark commands a higher price per tola.
Gold has been one of Nepal's best-performing assets, tripling in NPR value from 2015–2025. However, gold prices are volatile in the short term and buying physical gold includes dealer margins and making charges. Most financial advisors suggest 5–15% portfolio allocation to gold as a hedge, not as a primary investment.
More Free Nepal Tools
Exchange rates: NRB Official API · Gold prices: metals.live + FENEGOSIDA reference · suman-pokhrel.com.np
⚠️ For informational purposes only. Verify with NRB or authorised dealers before transactions.