How is the gold rate in Nepal calculated here?
We take the international spot price of gold in US dollars per ounce and convert it at the live US dollar to Nepalese rupee exchange rate: price per gram = ounce price ÷ 31.1035 × USD/NPR rate × purity of the karat. The value updates every few seconds while the world market is open.
International rate and the local market rate
In Nepal the daily price per tola for fine (hallmark) gold and tejabi gold is published by the Federation of Nepal Gold and Silver Dealers' Association. It includes customs duty and other charges, so it is higher than the international value shown here.
How gold is bought in Nepal
Nepal quotes gold per tola and per 10 grams. "Fine gold" is 24K hallmark gold, while "tejabi" gold is the traditional jewellery grade.
Buying gold in the Gulf to take home
Many Nepali workers in Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain and Oman buy gold there to take home. The gold value is the same as the world price, but taxes differ: Saudi Arabia charges 15% VAT on jewellery, Bahrain 10%, the UAE and Oman 5%, and Qatar and Kuwait have no VAT. Making charges are added by every shop. Keep the invoice and check the customs allowance of Nepal before you travel.