Gold can be out there for buy within the Bhutanese cities of Phuentsholing and Thimphu.

Vacationers visiting Bhutan, who pay the ‘Sustainable Growth Payment’ (SDF), can now purchase duty-free gold in Phuentsholing and Thimphu. In line with Bhutan’s nationwide media outlet, Kuensel, the choice was taken by the Division of Tourism (DoT) in partnership with Bhutan Responsibility-Free (BDF) to mark the start anniversary of Bhutan’s King and Losar, the Bhutanese New Yr. 

The brand new scheme is anticipated to profit Indians essentially the most, who’re among the many largest cohort of vacationers visiting Bhutan. As per the outlet, all SDF-paying vacationers can be eligible to buy duty-free gold so long as they spend a minimum of one night time at a Division of Tourism-certified resort. The gold can be out there for buy from March 1, within the Bhutanese cities of Phuentsholing and Thimphu. 

“To mark the double auspicious day (Beginning Anniversary of His Majesty The King and Losar, the Bhutanese New Yr), the Division of Tourism (DoT) in partnership with Bhutan Responsibility-Free (BDF) will promote restricted portions of duty-free gold for SDF-paying vacationers,” the media outlet acknowledged.

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“All SDF-paying vacationers can be eligible to buy duty-free gold so long as they spend a minimum of one night time at a Division of Tourism-certified resort. The gold can be out there for buy from  March 1, in Thimphu and Phuentsholing,” it added. 

Additional, as per the report, the gold can be offered by duty-free shops which usually promote luxurious objects and are owned by the Bhutanese finance ministry. Aside from being tax-free, Bhutan’s duty-free shops “is not going to make any revenue because the goal is to advertise tourism”. 

Notably, 10 grams of 24-carat gold in India (as on February 27, 2023) prices Rs 51,400. The identical quantity of gold prices Bhutanese Ngultrum (BTN) 40,286 in Bhutan.