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The price of gold has increased by Rs 200 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 111, 300 per tola today. It was traded at Rs 111, 100 per tola on Sunday.

Meanwhile, tejabi gold is being traded at Rs 110, 750 per tola. It was traded at Rs 110, 550 per tola.

Similarly, the price is being traded at Rs 1,375 per tola today.

The price of gold has dropped by Rs 700 per tola in the domestic market on Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 111, 300 per tola today. It was traded at Rs 112, 000 per tola on Wednesday

Meanwhile, tejabi gold is being traded at Rs 110, 750 per tola.

Similarly, the price of silver has dropped by Rs 10 and is being traded at Rs 1,380 per tola today.  

The price of gold has dropped by Rs 100 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 112, 400 per tola today. It was traded at Rs 112, 500 per tola on Sunday.

Meanwhile, tejabi gold is being traded at Rs 111, 850 per tola. It was traded at Rs 111, 950.

Similarly, the silver is being traded at Rs 1,425 per tola today.

The price of gold has increased by Rs 300 per tola in the domestic market on Sunday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 112, 500 per tola today. It was traded at Rs 112, 200 per tola on Friday.

Meanwhile, tejabi gold is being traded at Rs 111, 950 per tola.

Similarly, the silver is being traded at Rs 1,425 per tola today.

The price of gold has dropped by Rs 200 per tola in the domestic market on Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 112, 200 per tola today. It was traded at Rs 112, 400 per tola on Wednesday.

Meanwhile, tejabi gold is being traded at Rs 111, 650 per tola. It was traded at Rs 111, 850.

Similarly, the silver is being traded at Rs 1,425 per tola today.

The price of gold has increased by Rs 400 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 113, 000 per tola today. It was traded at Rs 112, 600 per tola on Monday.

Meanwhile, tejabi gold is being traded at Rs 112, 450 per tola. It was traded at Rs 112, 050 per tola.

Similarly, the price of silver has increased by Rs 25 and is being traded at Rs 1, 475 per tola today.

The price of gold has dropped by Rs 300 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 112, 600 per tola today. It was traded at Rs 112, 900 per tola on Sunday.

Meanwhile, tejabi gold is being traded at Rs 112, 050 per tola. It was traded at Rs 112, 350.

Similarly, the price of silver has dropped by Rs 5 and is being traded at Rs 1,450 per tola today.

If Nepali workers return home from abroad with two phones or slightly more gold than allowed, they face interrogation at TIA. Surprisingly, the government seems unwilling to take strict action against gold smugglers.

The Home Minister and Finance Minister had no idea about the attempt to smuggle roughly 100 kg of gold? Negligence of airport officials in detecting gold through X-ray machines has raised fresh concerns.

What compounds the case is the involvement of CPN (Maoist Center) leaders in gold smuggling. Despite this revelation, the government remains tight-lipped. That is why the UML has sought a special investigation committee.

During KP Sharma Oli’s premiership, a culprit involved in the 33-kg gold smuggling case was apprehended, instilling hope that Nepal will no longer be a transit point for such illegal activities. After the change of guard, more instances of smuggling have emerged, and authorities seem to be struggling to apprehend offenders.

The author is chief whip of CPN-UML

The price of gold has increased by Rs 800 per tola in the domestic market on Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 113, 500 per tola today. It was traded at Rs 112, 700 per tola on Wednesday.

Meanwhile, tejabi gold is being traded at Rs 112, 950 per tola. It was traded at Rs 112, 150 per tola.

Similarly, the price of silver has increased by Rs 35 and is being traded at Rs 1, 490 per tola today.  

Gold is smuggled in Nepal to fulfill the demands for the yellow metal within the country and in India. Reports suggest India has an annual gap of 400 tons in demand and supply of gold. Whereas Nepal needs 40 kg of gold daily, it gets just 20 kg. Smuggling fills these gaps.

India is the largest private gold holding country. 

We may step up border security, but then smugglers change their modus operandi and use new routes for smuggling. We must be able to catch smugglers within the country and punish all guilty parties. 

Governments in the past used to help with gold smuggling through airport handling companies and mechanisms. It’s obvious that smugglers enjoy political protection nowadays as well.

Nepal Police must be allowed to investigate such cases because it constantly monitors new channels of smuggling and the Department of Revenue Investigation lacks the capacity to probe the cases.   

The author is former DIG of Nepal Police

The gold recovered from the Tribhuvan International Airport (TIA) has been taken to the Taksar Department of the Thapathali-based Nepal Rastra Bank to determine the exact weight.

The Revenue Investigation Department on Wednesday recovered around 100 kg smuggled from Sinamangal.

The Department has so far arrested an Indian national among six persons in connection with the seizure of around 100 kg gold case.

Businessman Deepak Malhotra’s name has also been mentioned in the same case.

Organizing a press conference in the Capital on Thursday, Malhotra made it clear that he is not involved in the case of gold recovered from the TIA.

He said that he is ready to face action as per the law if found guilty.

Police said that the gold, passed undetected through the Customs Office of the Tribhuvan International Airport, arrived in Kathmandu on Tuesday's Cathay Pacific flight.

The yellow metal was brought in Kathmandu by concealing in the brake shoes of motorbikes and scooters.

The price of gold has increased by Rs 500 per tola in the domestic market on Thursday to reach an all-time high of Rs 113,600 per tola.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal was traded at Rs 113, 100 per tola on Wednesday.

Meanwhile, tejabi gold is being traded at Rs 113, 050 per tola.

Similarly, the price of silver has increased by Rs 15 and is being traded at Rs 1,495 per tola today.

The Revenue Investigation Department has arrested six persons so far in connection with around 100 kg gold seizure case.

The suspects have been identified as Ram Kumar Bhujel (53) of Swoyambhu, Kathmandu, Dilip Bhujel (21) of Melung Rural Municipality-3 and currently residing in Sankhu, Harka Raj Rai (49) of Arun Rural Municipality-4, Jhapa and presently living in Budhanilkantha, Indian national Thapthen Tsering (53), customs agent Rajendra Rai and a taxi driver, Revenue Investigation Department spokesperson Nawaraj Adhikari said.

He said that they are yet to weigh all the gold.

Also Read: Three arrested with around 100 kg gold from Sinamangal

“Acting on a tip off, we conducted a special operation and recovered 80 to 100 kg gold,” Department Director General Nawaraj Dhungana said, adding, “This may be the largest amount of gold recovered in Nepal so far.”

Police said that the gold, passed undetected through the Customs Office of the Tribhuvan International Airport, arrived in Kathmandu on Tuesday's Cathay Pacific flight.

The gold was brought in Kathmandu by concealing in the brake shoes of motorbikes and scooters.

The Revenue Investigation Department recovered around one quintal gold from Singamangal on Wednesday.

“Acting on a tip off, we conducted a special operation and recovered 80 to 100 kg gold,” Department Director General Nawaraj Dhungana said, adding, “This may be the largest amount of gold recovered in Nepal so far.”

Police said that the gold, passed undetected through the Customs Office of the Tribhuvan International Airport, arrived in Kathmandu on Tuesday's Cathay Pacific flight.

The gold was brought in Kathmandu by concealing in the brake shoes of motorbikes and scooters.

The officials of the Revenue Investigation Department have arrested three persons on the charge of smuggling the gold.

The arrestees have been identified as owner of Ready Trade Dipip Bhujel, the importer of the gold, customs agent Rajendra Rai and the taxi driver.

The identity of the taxi driver has not been ascertained yet.

It has been said that the team of Revenue Investigation Department arrested the trio while they were taking the gold out of the airport area in a taxi (Sun Ba 2 Cha 2324).

Nepal Police spokesperson Kuber Kadayat confirmed that a huge cache of gold was recovered from Sinamangal on Wednesday.

“This is the first time that such a large amount of gold has been recovered. Investigation into the incident is underway. The value of the gold is around Rs one billion,” he said.

A group of business tycoons may be involved in smuggling the gold, Kadayat said.

The gold that had passed from the Customs Office at 2 pm was recovered after three hours.

The police suspect that this group may have smuggled a large amount of yellow metal earlier also.

During the preliminary investigation, it was found that 160 pieces of gold were brought in Kathmandu.

The TIA Customs Office said that it has no knowledge about the issue.

The seized gold has been sent to the Revenue Investigation Department in Hariharbhawan for weighing.

The gold will be taken to the Taksar Department of the Nepal Rastra Bank to identify the purity of the gold.

Some of the staffers of the Customs Department are also under investigation.

The price of gold has increased by Rs 600 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 113, 100 per tola today. It was traded at Rs 112, 500 per tola on Tuesday.

Meanwhile, tejabi gold is being traded at Rs 112, 550 per tola. It was traded at Rs 111, 950 per tola.

Similarly, the silver is being traded at Rs 1,490 per tola today.  

The gold is being traded at Rs 112, 200 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, tejabi gold is being traded at Rs 111, 650 per tola.

Similarly, the silver is being traded at Rs 1,480 per tola today.