Hallmark gold in the Nepal market is selling at NPR 1,43,175 per 10 grams. The price of 24-carat gold has steadily risen from NPR 1,29,030 in August to its current value. This local rate exceeds the international gold price, which stands at NPR 1,16,951.66. The difference in rates is attributed to dealer margins, transportation costs, exchange rate fluctuations, import duties, and taxes.

The surge in gold prices has dampened the festive spirit of communities preparing to celebrate the Dhanteras festival on 29 October this year.

By – Sweta Singh (Kathmandu)