Artificial silver shortage in Nepali Market
However, sources indicate that traders are deliberately creating an artificial shortage by withholding silver from the market.
KATHMANDU: Nepal is currently facing a shortage of silver in the market. Despite rising demand in recent days, traders have been reluctant to sell, claiming stocks are depleted.
Former Chair of the Gold and Silver Traders’ Association, Shakya, said banks have not sold silver and that their stocks are reportedly finished. “There is a shortage because banks are not selling,” he stated.
However, sources indicate that traders are deliberately creating an artificial shortage by withholding silver from the market.
Experts note that traders themselves can import silver, so blaming banks for the scarcity is unfounded.
In contrast, gold is imported only by commercial banks. Banks currently hold around 130 kilograms of gold.
According to Santosh Koirala, Chair of the Bankers’ Association, there has been little demand from traders, which explains why gold sales remain low. “Banks have sufficient gold stocks, and imports are on hold due to limited sales,” he said.
