Gold will be available for purchase in Bhutan’s Phuntsholing and Thimphu cities.
Tourists visiting Bhutan who pay the ‘Sustainable Development Fee’ (SDF) can now buy gold duty-free in Phuntsholing and Thimphu. According to Bhutan’s national media outlet, kuenselThe decision was taken by the Department of Tourism (DoT) in partnership with Bhutan Duty-Free (BDF) to mark the jubilee of the King of Bhutan and Losar, Bhutanese New Year.
The biggest beneficiaries of the new scheme are expected to be Indians, who form one of the largest groups of tourists visiting Bhutan. According to ShopAll SDF-paying tourists will be eligible to buy duty-free gold as long as they spend at least one night in a hotel certified by the Department of Tourism. Gold will be available for purchase in Bhutan’s Phuntsholing and Thimphu cities from March 1.
“To mark the double auspicious day (anniversary of His Majesty the King and Losar, Bhutanese New Year), the Department of Tourism (DoT) in partnership with Bhutan Duty-Free (BDF) will sell a limited amount of duty-free gold. for tourists,” the media outlet said.
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“All SDF-paying tourists will be eligible to buy duty-free gold as long as they spend at least one night in a hotel certified by the Department of Tourism. Gold will be available for purchase in Thimphu and Phuntsholing from March 1.” This couple.
Furthermore, according to the report, the gold will be sold by duty-free outlets that normally sell luxury items and are owned by the Bhutanese Ministry of Finance. Apart from being tax-free, Bhutan’s duty-free outlets “will not make any profit as it aims to promote tourism”.
Notably, the price of 10 grams of 24K gold in India (as on February 27, 2023) is Rs 51,400. Gold price in Bhutan for the same amount is in Bhutanese Ngultrum (BTN) 40,286.
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