Kathmandu — The price of gold continued to rise on Monday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold, which was set at 230,600 rupees per tola on Sunday, increased to 233,100 rupees per tola on Monday.
The federation confirmed that this is the highest price recorded so far.
Similarly, the price of silver has also gone up. The rate of silver, which was 2,930 rupees per tola on Sunday, climbed to 2,960 rupees per tola on Monday.
Kathmandu – The price of gold in Nepal has continued to rise, reaching an all-time high on Tuesday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price surged by Rs 3,900 per tola in a single day.
With this increase, the price of gold climbed to Rs 221,700 per tola on Tuesday, compared to Rs 217,800 per tola on Monday. Both rates marked record highs, with Tuesday’s price setting a new peak.
Silver prices also edged up, rising from Rs 2,660 per tola on Monday to Rs 2,680 per tola on Tuesday.
Kathmandu: According to the Nepal Gold and Silver Merchants Federation, gold and silver prices have reached their highest point yet. On Tuesday, the price of gold increased by Rs 1,900 per tola to Rs 217,100.
On Monday, the price of gold had reached Rs 215,200 per tola.
Similarly, silver has increased by Rs 20 to its highest ever price. The federation said that silver is being bought and sold at Rs 2,595 today.
Kathmandu – The price of gold has dropped by 1,100 rupees per tola.
The Nepal Gold and Silver Merchants Federation has fixed the price of gold at 193,600 rupees for Sunday. The previous day it was 194,700 rupees.
Similarly, the price of silver has decreased by 50 rupees per tola. The previous day, silver was 2,340 rupees per tola, but today it is 2,290 rupees.
Kathmandu – Gold and silver traders have suspended their protest after a six-point agreement was reached between the government and Gold and Silver Traders Federation.
The Nepal Gold and Silver Traders Federation has stated that shops will open regularly from Friday as the protest programs have been postponed.
The government had made a provision for a two percent luxury tax on gold transactions and a 13 percent VAT on diamond jewelry through the budget for the fiscal year 2082/83. The traders had been protesting for a month, demanding a refund, saying that the tax and VAT would affect both consumers and traders.
In a meeting held at the Ministry of Finance on Thursday, it was agreed to form a task force to address the demands of the traders and to recommend a review after conducting the necessary study regarding gold and jewelry, which are included in the definition of luxury.
Dharmasundar Bajracharya, second vice-president of the Federation of Nepal Gold and Silver Dealers, said that there was also an agreement that the tax and VAT increased through the budget would not be implemented until the task force studies and submits its report.
Similarly, the federation has stated that there has been an agreement on making clear arrangements regarding the level seen in the sale and distribution of gold and silver, importing gold from nearby trading centers so that local gold, silver and gemstones and jewelry can be easily accessed, and effectively implementing the Gold Import and Sale and Distribution Procedure, 2068 BS so that gold is available from commercial banks, and amending it as needed.
According to the federation, it has also been agreed that the secretariat of the task force, which will solve the problems of entrepreneurs and study tax and VAT issues, will be located in the Revenue Management Division of the Ministry of Finance.
The MoU was signed by Uttar Kumar Khatri, Joint Secretary at the Ministry of Finance, Bipin Acharya, Joint Secretary at the Ministry of Industry, Commerce and Supplies, Madan Dahal, Director General of the Department of Inland Revenue, Mahesh Bhattarai, Director General of the Department of Customs, Rajendra Bhattarai, Director of Nepal Rastra Bank, Arjun Rasaili, President of the Federation of Nepal Gold and Silver Dealers, and Kisan Sunar, President of the Federation of Nepal Gold, Silver, Gems and Jewellery.
Kathmandu – The price of gold in the local market increased by Rs 600 per tola on Thursday, according to the Nepal Gold and Silver Dealers Federation.
The price of gold, which was traded at Rs 149,700 per tola on Wednesday, has increased and is now trading at Rs 150,300 per tola.
The price of silver has remained stable at Rs 1,800 per tola since Wednesday.
Kathmandu: The price of gold has set a new record. On the last trading day of the week, the price of gold rose by 1,800 rupees to the highest level ever.
According to the Federation of Nepal Gold and Silver Traders, the price of gold remained at 146,700 rupees per tola on Friday.
Similarly, the price of silver increased by Rs 17 per tola and was traded at Rs 1,900 per tola on Friday compared to Rs 1,885 per tola on Thursday.
As the price of gold rose in the international market, it also affected the local level. The price of gold was 2,381.44 dollars per ounce on Thursday and reached 2,409.76 dollars per ounce on Friday.
With the price of silver trading at 31.21 dollars per ounce on Friday, there has been a general increase in the price of silver in the international market.
According to the Federation of Nepal Gold and Silver Dealers’ Association , the price of gold has increased by Rs 1,400 per 10g today.
According to the federation, the price of marked gold today is Rs 98,600 while the price of fine gold is set at Rs 98,100.
Similarly, the price of silver has risen by Rs 15 per 10g to Rs 1,305, according to the federation.
Today, the price of gold in the local market has exceeded one lakh.
According to the Federation of Nepalese Gold and Silver Dealers’ Association , gold has risen by Rs 800 per tola compared to the previous trading day.
Similarly, the standard gold price has risen to Rs 99,800 per tola today.
Similarly, the price of silver declined by Rs 10 to Rs 1,365.
Gold price has risen by Rs 500 today.
According to the Federation of Nepali Gold and Silver Entrepreneurs, the price of gold, which was traded at Rs 92,600 per tola yesterday, has risen by Rs 500 to Rs 93,100 today.
Similarly, the price of silver rose by Rs 5 to Rs 1,260 per tola today, according to the federation.
NP
