Today, the price of gold decreased in Nepal while silver saw a slight increase. Meanwhile, new tax rules introduced through the upcoming fiscal budget have triggered protests among jewelers across the country.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has dropped by Rs. 300 per tola, bringing it down to Rs. 188,100. On the other hand, silver prices have increased by Rs. 10 per tola, now priced at Rs. 2,150.
The recent changes in gold and silver prices come amid controversy over new tax provisions announced in the national budget. The government has imposed an additional 2% luxury tax on gold and introduced a 13% value-added tax (VAT) on jewelry embedded with diamonds or other precious stones.
In response, gold and silver traders across Nepal have launched protests demanding a review of the new tax measures. The ongoing movement has led to delays in the daily pricing announcements by the Federation, including yesterday and today.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
