Nepal Rastra Bank has decided to increase the country’s daily gold import quota. The limit has been raised from 20 kilograms to 25 kilograms per day.
This change comes as demand for gold continues to grow in the local market. With global gold prices climbing, local prices have also followed the same trend. Many buyers are rushing to purchase gold, expecting prices to rise even higher.
By allowing an additional five kilograms of gold to be imported daily, the central bank hopes to make gold supply more stable and reduce shortages in the market. This step is expected to ease some pressure on traders and buyers who have faced limited availability in recent weeks.
Gold traders had been urging the central bank to raise the import quota for quite some time. Currently, only commercial banks in Nepal are permitted to import gold into the country.
