The situation of taking Zarti even when taking it, taking it even when not taking it, and taking it as much as possible indicates the opaque activities being done in its name. On the other hand, it also highlights the current situation of taking random prices but not being accountable. It is necessary to get the attention of the government in this regard.
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Although there has been a significant reduction in the price of gold in the last three weeks, consumers have not been able to get the benefits. Due to the increase in consumer demand, goldsmiths are charging up to 15 percent in the name of wages while manufacturing jewelry.
Consumers have to pay high prices for buying jewelery due to the vagaries in the fees. The government has not made a fixed standard for the price to be charged in this way. The businessmen themselves have made changes in it. On top of that expensive gold, the purchase of jewelery is becoming more expensive for the consumer due to the additional price charged at random rates.
Therefore, it is necessary for the government to take an immediate initiative to make the process of determining wages and salaries in jewelry manufacturing transparent and to maintain uniformity.
In the budget for the financial year 2081/82, the customs rate on gold imports was increased from 15 to 20 percent. It acted as an ingredient in the high price of gold in Nepal. But after the cabinet meeting held on November 6 decided to reduce the customs rate of gold import from 20 percent to 10 percent, the price of gold decreased significantly on November 10.
Gold traded at 1 lakh 67 thousand 200 rupees per tola on 9th November and it was fixed at 1 lakh 51 thousand 300 rupees on 10th November. Consumers who planned to buy gold became excited when the price fell by 15,900 in one day during the season. But their enthusiasm could not last long as the businessmen increased the price of labor.
There is no scientific basis for how much and how much jewelry is destroyed. That is why the businessmen have been making arbitrariness on the matter of Zarti. The situation of taking Zarti even when taking it, happening even when not taking it, and taking it as much as possible indicates the opaque activities being done in its name. On the other hand, it also highlights the current situation of taking random prices but not being accountable. It is necessary to get the attention of the government in this regard.
The imbalance between the legal supply and consumption of gold is abnormal. Experts say that the market is flooded with illegal gold. Because of the illegal gold entry, some jewelers were able to sell the jewelry by reducing the wage and tax. In this way, due to the gold market controlled by the illegal system, consumers are not in a position to be sure about the quality of the jewelry they buy.
On the other hand, businessmen charge high prices from common people even in the name of 24 carat gold. Whereas, 99.9% pure gold jewelery called 24 carat is mixed with other metals. Chemicals are mixed. So that the jewelry does not remain 24 carat purity. But the consumer is charged the price of 24 carats. The government needs to make certain standards in this matter.
Even though it is certain that daily consumers have to pay high prices in transactions related to gold, no kind of monitoring or action has been taken. The Commercial Supply and Consumer Protection Department has not been able to monitor. He said that due to the lack of business guidelines, he was unable to monitor the wage and salary charges. No region's market can run on its own without a
directory. Therefore, the government should give priority to making guidelines. The department also agreed to make a guideline while suspending the movement that took place after monitoring jewelry shops in the New Road area in 2070. But not making it even for 11 years is critical. As a result, the market has been encouraged to run on its own. This situation should be ended by making an immediate directive.
