Gold Import Restraint

Gold is one of the highly-desired precious metals in the world. It is a ductile and least chemical reactive solid element. It is mostly demanded for jewelries, investments and industrial use. It is estimated that around 50 per cent of the global demand of gold is for jewelries, 40 per cent for investment purpose and 10 per cent for industrial use. Moreover, gold is regarded as the symbol of power, beauty, purity and accomplishment in most of the cultures across the globe. In Nepal, gold is mostly demanded for jewelries, and lately for a portfolio of investment. For Nepali people, gold jewelries are not only means to demonstrate their richness but also to carry out personal beautification and cultural activities. Though this yellow metal gold is regarded as a luxurious item, majority of people including those living unprivileged life cannot boycott its use, thanks to its cultural value.