July 9, Kathmandu. Nepal Rastra Bank has increased the price of Asarfi. On Thursday, the Department of Currency Management under Nepal Rastra Bank issued a notice stating that the price of Asarfi has gone up.
The bank has increased the price of Asarfi by amending the Procedure on Purchase of Gold, Silver and Other Metals, Takmari and Sales, 2075, which was created to regulate the purchase, sale and sale of gold, silver, asarfi, souvenir coins and medallions.
As per the amendment procedure, the daily price of Asarfi has been fixed at the rate of Rs. 200 per gram. The price of Asarfi has been increased by Rs. 100 to Rs. 300 per gram.
According to the revised arrangement, if there is a demand for at least 20 units of non-institutional and private sector institutional buyers other than the general public, it will be sold by the departmental decision based on the inventory of the asarfi, the need of the demanding institution and justification.
The selling price will be determined by adding Rs. 500 per gram for the cost including sale. Currently, Rs. 300 was being added. It is stated that the Board of Directors of NRB has decided to increase the price.
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