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Nepal gold market resumes transactions after 2.5 months

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Kathmandu, June 7

The country’s gold and silver market has resumed transactions after 2.5 months on Sunday. The market was shut since March 21, three days before the country went on lockdown to impose the coronavirus outbreak in the country.

The lockdown is still on, but of late, the traders have gradually begun to defy restrictions and move towards normalcy. In this regard, the Federation of Nepal Gold and Silver Dealers’ Association, the umbrella organisation of the country’s jewellers, has decided to resume the market.

Meanwhile, the market has seen a surge in the prices of both metals. Gold has become dearer by around Rs 10,000 per tola than it was before the lockdown whereas silver by around Rs 200 per tola.

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