Gold Price India vs Nepal: Rates Compared

The table below shows both countries' rates per gram in local currency and in US dollars. In dollar terms, the two rates are usually close — both track the international spot price — but Nepal's rate can carry a premium over India's, because Nepal's gold supply is more constrained and its market is smaller.

Nepal's gold imports are regulated by the central bank (Nepal Rastra Bank), which sets import quotas. When the quota is tight relative to demand — during wedding season or festivals — the domestic premium rises, and Nepal's rate moves above India's. When supply is ample, the gap narrows.

India's rate is set by the India Bullion and Jewellers Association (IBJA) from the spot price, the USD/INR rate and the 6% import duty, and is published daily. It is a transparent benchmark that every Indian jeweller quotes against.

Nepal's rate is set by the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), based on the international price and the exchange rate, and published daily. The Nepalese rupee is pegged to the Indian rupee, so the exchange-rate difference between the two markets is fixed — the rate gap is driven by supply and premium, not by currency.

Nepal quotes gold per tola (11.6638 grams) first — the tola is the unit of the Nepalese gold trade, as it is across South Asia. India quotes per 10 grams first, following the IBJA benchmark. Both markets also quote per gram.

The two units are close (a tola is 11.66 grams, against India's 10-gram standard), which makes comparison easy — but the cleanest common measure is still US dollars per gram, which the table on this page provides.

In India, buy from BIS-hallmarked jewellers — hallmarking is mandatory, and the BIS mark is your guarantee. Compare making charges between shops, because they are where you win or lose money.

In Nepal, buy from established jewellers in Kathmandu (New Road, Asan), Pokhara or Biratnagar, and check the day's FENEGOSIDA rate first. As in India, making charges are negotiable, and the shop's reputation is your main protection.

India's market is larger, more transparent and more competitive — the IBJA rate is public, hallmarking is mandatory, and the range of jewellery is unmatched. Nepal's market is smaller and more supply-constrained, which can push its premium above India's at times of high demand.

For buyers in either country, the saving is at home: know the day's rate, compare making charges, and buy from a jeweller you trust. The border between the two is open, but gold is not — customs rules apply, and carrying gold across it without declaring it is not worth the risk.