Following the government’s announcement to increase taxes on gold and silver trading in the upcoming fiscal year, traders across Nepal have launched protests. Meanwhile, the market has seen a noticeable rise in the prices of both gold and silver.
Business owners across Nepal have intensified their protests after the government announced additional taxes on gold and silver trading in the upcoming fiscal year’s budget. Traders are demanding the complete removal of the new tax policy and have begun organizing demonstrations across the country.
Amid ongoing protests, the price of gold in the Nepali market has surged. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold rose by Rs 2,400 per tola today, reaching Rs 1,90,500 per tola.
The price of silver also saw a slight increase. It climbed by Rs 5 per tola and is now being traded at Rs 2,155 per tola, as reported by the Federation.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
