Nataraj Jewellery offers Installment Ornament

Nataraj Jewellery situated in Bishal bazar, Kathmandu offers gold ornament by installment payments. According to Jewellery, among 12 month 11 installment should be paid by the buyers.

Top 10 Gold Mining Companies

Top 10 Gold Mining Companies by Output Rank 2012 Company Gold Production (tonnes)
1 Barrick Gold 239.50
2 Newmont Mining 161.47
3 Anglogold Ashanti 122.75
4 Gold Fields 98.80
5 Goldcorp 78.20
6 Kinross Gold 74.00
7 Newcrest Mining 71.10
8 Polyus Gold 46.66
9 Freeport-McMoran 42.86
10 Harmony Gold 40.43
source: miningaustrialia.com.au/

Gold is Good Money

Because it possesses all the monetary properties that the market demands: it is divisible, portable, recognizable and, most importantly, scarce — making it a stable store of value. It is all things the market needs good money to be and has been recognized as such throughout history. Gold rose to nearly $1800 an ounce after the Fed’s most recent round of quantitative easing because the people know that gold is money when fiat money fails. Source:wealthydaily.com

Gold price goes down Rs. 61,000 per tola

Pic caption: News in Kantipur Daily.
The price of gold goes down by one thousands from 61,760 per tola and became Rs 61,000 per tola on Sunday.

Gold Price reach Rs. 61,760 per tola

Kathmandu, September 14-Gold price hit another new record in Nepali market.The yellow metal was traded at Rs 61,760 per tola in Nepali domestic market on Friday.

Gold Mangal sutra Price 216960(36 gm)

Available at Shree Ridhi Sidhi Jewelers, New Road, Kathmandu. Contact Phone Tel No +977-1-4228104, 4228152

Buying gold in Kathmandu

Gold Price reach Rs. 61,119 per tola

Kathmandu, September 9-Gold price hit another new record in Nepali market.The yellow metal was traded at Rs 61,119 per tola in Nepali domestic market on Sunday.

Gold price new record-Rs 60,536 per tola

Kathmandu, September 6-Gold price hit a new record of Rs 60,536 per tola in Nepali market on Thursday. The precious yellow metal was traded at Rs 60,200 per tola in Nepali domestic market. This is latest high record in Nepali Market.

Gold Price reach 60,200

Gold price reach-Rs 60,00 per tola

september, 4-Gold price hit a new record of Rs 60,000 per tola (11.644 gm) in the Nepali market on Tuesday after its prices rallied in the international bullion market. The precious yellow metal was traded at Rs 58,900 per tola in Nepali domestic market over the past day, when its international price hovered around US $1,692 per troy ounce. This is latest high record in Nepali Marget.

Gold price reach near-Rs 60,00 per tola

september, 2-Gold price hit a new record of Rs 59,900 per tola (11.644 gm) in the Nepali market on Sunday after its prices rallied in the international bullion market. The precious yellow metal was traded at Rs 58,200 per tola in Nepali domestic market over the past day, when its international price hovered around US $1,691 per troy ounce.

Gold price high record-Rs 59,200 per tola

August, 26-Gold price hit a new record of Rs 59,200 per tola (11.644 gm) in the Nepali market on Sunday after its prices rallied in the international bullion market. The precious yellow metal was traded at Rs 58,900 per tola in Nepali domestic market over the past day, when its international price hovered around US $1,670 per troy ounce. Traders say gold price could touch Rs 60,000 per tola within a month if it continued its bull run in the international market.

Gold price new record-Rs 58,900 per tola

Gold price hit a new record of Rs 58,900 per tola (11.644 gm) in the Nepali market on friday after its prices rallied in the international bullion market. The precious yellow metal was traded at Rs 58,050 per tola in Nepali domestic market over the past day, when its international price hovered around US $1,666 per troy ounce. Traders say gold price could touch Rs 60,000 per tola within a month if it continued its bull run in the international market.

Gold price new record-Rs 58,050 per tola

Gold price hit a new record of Rs 58,050 per tola (11.644 gm) in the Nepali market on Wednesday after its prices rallied in the international bullion market. The precious yellow metal was traded at Rs 57,700 per tola in Nepali domestic market over the past three days, when its international price hovered around US $1,623 per troy ounce. But as gold rallied by $15 per troy ounce, dealers on Wednesday jacked up its rate by Rs 350 per tola, compared to the previous day. Gold dealers say the yellow metal has been on a bull run in the domestic market after government raised customs duty on gold by Rs 800 per 10 grams to prevent illegal exports of gold to India. Before rise in duty, gold was cheaper in Nepal than in India. The yellow metal had hit previous high of Rs 57,700 per tola on June 21, when gold was traded at $ 1,628 troy ounce in the international bullion market. Traders say gold price could touch Rs 60,000 per tola within a month if it continued its bull run in the international market.

Today's gold price (भदौ 7को सुनको भाउ)

Kathmandu, august 23-The price of gold for per tola Rs 58,050.00 in nepal's local market.(भदौ 7 को सुनको भाउ तोलाको रु 58,050.00). According to www.goldalert.com gold price is $1640 in international market.

Today's gold price (भदौ 3को सुनको भाउ)

Kathmandu, august 19-The price of gold for per tola Rs 56,497.00 in nepal's local market.(भदौ 3 को सुनको भाउ तोलाको रु 56,497.00). According to www.goldalert.com gold price is $1615 in international market.

Today's gold price (भदौ 2को सुनको भाउ)

Kathmandu, august 18-The price of gold for per tola Rs 56,497.00 in nepal's local market.(भदौ 2 को सुनको भाउ तोलाको रु 56,497.00). According to www.goldalert.com gold price is $1615 in international market.

Today's gold price (साउन 30को सुनको भाउ)

Kathmandu, august 14-The price of gold for per tola Rs 56,398.00 in nepal's local market.(साउन 30 को सुनको भाउ तोलाको रु 56,398.00). According to www.goldalert.com gold price is $1611 in international market.

Today's gold price (साउन 26को सुनको भाउ)

Kathmandu, august 10-The price of gold for per tola Rs 56,797.00(per ten grams Rs. 48,695.00) in local market.(साउन 26 को सुनको भाउ तोलाको रु 56,797.00). According to www.goldalert.com gold price is $1612 in international market.

Today's gold price (साउन 25को सुनको भाउ)

Kathmandu, august 9-The price of gold for per tola Rs 56,797.00 in local market.(साउन 24 को सुनको भाउ तोलाको रु 56,797.00)

Gold price today

Chhapawal tola Rs.57,001(10 gram 48,870)

Customer at Kathmandu, Nepal, selecting gold ornaments(काठमाडौंको एक पसलमा गहना छान्दै ग्राहक)

Gold hits new high of Rs 57,700 per tola

Gold price increased by Rs 600 per tola (11.664 grams) overnight and hit a new high of Rs 57,700 per tola in the Nepali market on Tuesday as rise in international prices and weakening of rupee landed a double blow on consumers planning new purchases for the upcoming marriage season that starts next week. The yellow metal, which rose for the eight straight day on Tuesday, is on a bull run in the international market, which, according to Reuters, is largely due to global investors´ ´hope that the US Federal Reserve may launch more measures to stimulate the world´s largest economy´. Gold was traded at US$ 1,631.10 per troy ounce during early trading in the international market on Tuesday -- US$ 4.10 higher than Tuesday´s closing. Nepali rupee on the day shed 59 paisa against a dollar, rendering imports expensive, thereby jacking up the gold price. “This is really unfortunate. Rise in gold prices was already keeping buyers away. We fear the new high will further darken the business prospect for us,” said Tej Ratna Shakya, president of Nepal Gold and Silver Dealers Association (Negosida). With marriage season starting next week, bullion dealers were hoping of good business particularly as there was no problem with gold supply, which had troubled them in the previous marriage season. “But fresh sales barely stand at 15 kg a day. In the past, new sales during wedding season used to cross over 30 kg a day,” said Shakya. Though crowd of customers has started to build in shops dealing in gold jewelries, traders said only one out of 10 customers are making fresh purchase. As a result, daily sale of gold from the banks that is purchased by dealers has dropped sharply in recent weeks. “Dealers are buying only around 5 kg of gold from banks every day and are readily managing sales by using the stock,” said Shakya. While the sales of fresh gold have dropped, dealers said the recycle business has picked up as majority of customers are re-designing their existing possessions to fulfill the marriage requirements. Going by the Nepali culture, gold jewelries are must-have items in marriages. We estimate that people are fulfilling 40 percent of their gold ornaments requirement by recycling old jewelries, said Shakya. source-myrepublica.com/http://www.myrepublica.com/portal/index.php?action=news_details&news_id=36652

Gold hits new high of Rs 56,900

Gold climbed to all time high of Rs 56,900 per tola (11.664 grams) in the domestic market Kathmandu, gaining Rs 300 per tola overnight. While doing so, the yellow metal broke the previous high of Rs 56,800 per tola recorded on previous day. Officials of Nepal Gold and Service Dealers Association (Negosida) said they revised gold prices in line with the prices in international bullion market.

Gold hits new record, Rs. 56,000 per tola in kathmandu, Nepal

Now in domestic market in Nepal Gold price jumps to Rs 56,000(Rs. 47,925 per 10 grams) per tola. It is new record in gold price. The price has increased from previous record of Rs 55,800 per tola Previous day. Citing to supply gold during marriage and festive seasons, yellow metal increases price according by gold merchants.

Gold price set to rise after India hikes customs duty

Gold price is likely to go up in the domestic market as the government is being pushed to hike import duty on precious yellow metal following the Indian government´s decision to raise customs duty on imports of gold.

The Indian government, through budget speech on Friday, hiked basic customs duty on standard gold bars, over 99.5 percent pure gold coins and platinum from 2 percent to 4 percent, citing widening current account deficit triggered by “growth of almost 50 percent in imports of gold and other precious metals in the first three quarters of this year”.

The latest change in tax rate means Indian importers will have to pay IRs 1,080 (Rs 1,728) while bringing in every 10 grams of gold which is lower than Nepal´s Rs 1,500. This has raised chances of smuggling of gold from Nepal to India through porous borders.

“To prevent this we have already asked the Ministry of Finance and Nepal Rastra Bank to revise customs duty so that illegal traders cannot take benefit of the change in India´s customs tax rate,” Tej Ratna Shakya, president of Nepal Gold and Silver Dealers Association, told Republica.

Although he is yet to make a formal request in this regard, Shakya said Nepal government should raise customs duty by at least 50 percent. “This change will ultimately make gold pricier in the country,” he said.

Around 13 years ago when Nepal´s import duty was two percentage points lower than India´s 10 percent, Nepal imported up to 134 tons of gold in a year, whereas annual domestic demand at that time was only 15 tons. Most of this gold, traders claim, entered India illegally.

“The possibility of return of such a trend cannot be ruled out if changes to customs duties are not made immediately,” Shakya said.

The government in February raised imports duty on gold to Rs 1,500 per 10 grams following the Indian government´s announcement to raise the tax to IRs 540 on imports of every 10 grams of gold. Similar adjustments were made in the past as well.

The government has currently given permission to release 20 kgs of gold per day in the market. This amount of gold is distributed by 13 commercial banks on rotation basis. from myrepublica.com

Nepal Rastra Bank increases gold import limit to 20 kg per day

Nepal Rastra Bank (NRB) has increased the limit for gold imports to 20 kg from 15 kg per day following the demand from the gold entrepreneurs on Tuesday.

However, the Nepal Gold and Silver Dealers’ Association said the increased quota of the gold is still insufficient to meet the demand in the domestic market as the daily demand of the gold stands around 35 kg.

The gold traders have been demanding an increase in the import quota to least to 30 kg per day in view of growing demand.

The bullion traders also said that insufficient import and increase in the demand of the precious metal has also boosted illegal imports from India. sourcenepalnews.com