Markets
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Gold price falls Rs 2,700 per tola, silver drops Rs 160
Gold and silver prices declined in Nepal’s domestic bullion market on Wednesday, with both precious metals recording significant drops compared with Tuesday. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of gold fell Rs 2,700 per tola from Rs 306,800 on Tuesday to Rs 304,100 on Wednesday. Silver also recorded a sharp decline. Its price dropped Rs 160 per tola, falling from Rs 4,755 on Tuesday to Rs 4,595 on Wednesday.
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NEPSE falls 7.37 points to 2,643.83 as turnover rises above Rs 4.27 billion
The Nepal Stock Exchange (NEPSE) index declined 7.37 points to close at 2,643.83 points on Friday, the final trading session of the week, even as daily turnover increased significantly from the previous session. The benchmark index had gained in each of the previous three trading sessions before Friday’s decline. On Thursday, NEPSE had advanced 8.81 points, following smaller gains on Wednesday and Tuesday. The Sensitive Index, which tracks large companies, increased 0.13 points to 464.73 points. The Float Index declined, while the Sensitive Float Index also fell during the session.
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NEPSE falls 19.34 points to 2,622.48 as 218 companies decline
The Nepal Stock Exchange (NEPSE) index fell 19.34 points to close at 2,622.48 points on Tuesday, ending the trading session in the red despite fluctuations throughout the day. The market moved unevenly from the opening, with the NEPSE briefly attempting to approach the 2,650-point level during trading. However, the index failed to sustain the upward movement and settled at 2,622.48 points by the close. A total of 15.1 million shares of 347 companies changed hands through 55,246 transactions. The total turnover reached Rs 5.073 billion.
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Gold price unchanged at Rs 306,800 per tola, silver falls Rs 15
The price of gold remained unchanged in Nepal’s domestic market on Tuesday, while silver became slightly cheaper. According to the Federation of Nepal Gold and Silver Dealers’ Association, hallmark gold is being traded at Rs 306,800 per tola on Tuesday, the same price recorded on Monday. The price of gold has also been fixed at Rs 263,030 per 10 grams. Meanwhile, silver declined by Rs 15 per tola. After being traded at Rs 4,770 per tola on Monday, its price fell to Rs 4,755 on Tuesday.
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Gold price rises Rs 3,600 per tola to Rs 305,200
The price of gold in Nepal’s domestic market increased by Rs 3,600 per tola on Sunday, while silver became Rs 50 more expensive compared with Friday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has been fixed at Rs 305,200 per tola for Sunday. Gold was traded at Rs 301,600 per tola on Friday. Similarly, the price of silver has been set at Rs 4,710 per tola, up from Rs 4,660 on Friday.