Resume Import of Gold and Increase Daily Trading Limit: Federation of Nepal Gold Silver Gem & Jewellery Associations

Wed, Jun 23, 2021 2:19 PM on Latest, Economy, National,

Federation of Nepal Gold Silver Gem & Jewellery Associations has requested the government to resume the import of gold.

With the imposition of the lockdown intended to curb the pandemic, the import of gold has also been halted. However, the government has eased the restriction and allowed businesses to reopen in a pre specified scheduling system. As such, the valuable metal and jewelry - related businesses have also reopened in their pre specified schedule.

Since jewelry businesses are reopening, the Federation of Nepal Gold Silver Gem & Jewellery Associations has requested the government to resume the import of gold. Furthermore, the festive season in Nepal is also approaching, which is why the association has requested the central bank to raise the per-day trading limit of gold from the existing 20 KG to 30 KG.