Gold past Rs200,000 a tola, adding to Nepalis’ wedding costs
Summary
Gold prices in Nepal have surpassed Rs200,000 per tola, escalating wedding costs and causing many families to reduce their gold purchases amid economic pressures and market uncertainty.
Key Points
- Gold prices in Nepal have crossed the Rs200,000 per tola mark, impacting wedding expenses significantly.
- Jewellers report a slowdown in sales as buyers opt for gold-plated ornaments or reduce their purchases.
- Global gold prices are rising due to geopolitical tensions and economic uncertainties, with future increases predicted.
- Government measures like removing luxury tax and reducing customs duty have limited impact on consumer demand amid high prices.
