As gold price soars to six-digit figure, sales plummet

People planning weddings and gold dealers are hit hard, but small investors and the central bank are smiling.

Upendra Poudel of Sitapaila in Kathmandu was forced to suddenly postpone his wedding planned for April to November amid the Covid-19 lockdown. A week before the lockdown that began on March 24, gold was trading at Rs 78,500 per tola. On Friday it hit a record high of Rs 99,300 per tola in the Nepali market.