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The price of gold has dropped by Rs 1, 700 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 259, 000 per tola today.  It was traded at Rs 260, 700 per tola on Monday.

The price of silver, however, has increased by Rs 15 and is being traded at Rs 3, 885 per tola.

Scotland manager Steve Clarke has urged supporters to avoid plunging into debt to attend next year's FIFA World Cup in North America, warning of steep travel and ticket costs, Reuters reported. 

Last week, Football Supporters Europe (FSE) called on FIFA to immediately halt sales of national team allocations, accusing the governing body of imposing "extortionate" ticket prices that risk shutting ordinary fans out of the tournament.

Ticket prices have jumped five-fold from the 2022 World Cup in Qatar, according to FSE, according to Reuters. 

Bournemouth's Eli Junior Kroupi struck late to salvage a point for his side in a 4-4 draw with Manchester United on Monday, capping a Premier League thriller that swung wildly from start to finish, Reuters reported. 

Ruben Amorim's men squandered the chance to move level with fourth-place Chelsea in the standings, and instead are sixth on 26 points. Bournemouth are 13th on 21 points.

United looked set for victory after Bruno Fernandes, with a stunning freekick, and Matheus Cunha struck two minutes apart in the second half to make it 4-3, according to Reuters. 

Nepal's travel payment increased 11.8 percent to Rs 75.74 billion, including Rs 48.26 billion for education in the first four months of the current fiscal year 2082/83 BS. 

As per the Current Macroeconomic and Financial Situation of Nepal released on Monday by the Nepal Rastra Bank (NRB) based on four months ending mid-November, such income was Rs 26.90 billion in the same period of the previous year. 

In the same period of the previous year, travel payment was Rs 67.75 billion including Rs 37.77 billion for education.

The central bank stated that travel income increased 0.9 percent to Rs 27.15 billion in the review period. 

Net services income remained at a deficit of Rs 32.91 billion during the review period. Such income had a deficit of Rs 22.37 billion in the same period of the previous year, according to the central bank.

Likewise, the remittance inflows increased 31.4 percent to Rs 687.13 billion in the four months of current fiscal year compared to an increase of 9.4 percent in the same period of the previous year. 

During mid-October to mid-November (Kartik month), remittance inflows stood at Rs 133.82 billion. 

In the same period of the previous year, such inflows were Rs 114.31 billion, the report on the Current Macroeconomic and Financial Situation stated.

The representatives of the 11th National Congress of the CPN-UML are going to vote today to elect the new leadership of the party.  

According to the Chairman of UML Central Election Commission Dr Bijaya Subba, the voting will take place this afternoon. 

It is said that the voting will be conducted by electronic voting machines. 

A total of 80 electronic voting machines have been arranged for the voting purpose.  

Managing Director of Ram Laxman Innovation Pvt. Ltd, Laxman Rimal, said that entry of the candidates' name list is going on from the company.

“We are making efforts to complete our part in time and handover to the UML Central Election Commission," Rimal shared.

He also hinted at some delay in the voting time since it is time consuming to enter the names of the candidates given the large number of the candidates.   

Aspirant candidates on Monday registered their nominations for the post of office-bearers and central committee members and the final name list of the voters was released on Monday itself. 

The UML's 11th National Congress will elect a 301-member new central committee.

As per the schedule, the voting will be held at Bhrikutimandap in Kathmandu this afternoon. 

Chairperson KP Sharma Oli and Senior Vice Chairperson Ishwor Pokharel are vying for the top post in the UML.

Prime Minister Sushila Karki has directed the National Foundation for Development of Indigenous Nationalities (NFDIN) to work effectively by being result-oriented to justify its relevance. 

The Foundation is the state-owned institution set up for the promotion and development of indigenous nationalities.  

Addressing the 26th Board Council meeting of the Foundation, Prime Minister Karki urged the organization to work further effectively in terms of work execution. The meeting of the Foundation was chaired by the Prime Minister on Monday. 

On the occasion, PM Karki suggested that the Foundation should contribute to unveil the country's diversity through the protection and promotion of all indigenous communities' cultures, and promote the tourism activities.  

The meeting also approved the Foundation's institutional reports of the fiscal years 2081/82 and 2082/83 BS.

The value of the US dollar climbed to a record high against the Nepali rupee on December 16. 

According to the Nepal Rastra Bank (NRB), the buying rate of one US Dollar has been fixed at 144.88 and the selling rate at Rs 144.48 for today.   

According to the central bank, the buying rate of one Euro has been fixed at Rs 170.20 and the selling rate at Rs 170.90. The UK pound sterling is priced at a buying rate of Rs 193.95 and a selling rate of Rs 194.75.

The Swiss Franc is traded at Rs 182 for buying and Rs 182.75 for selling, the NRB stated.

Likewise, one Australian dollar is priced at a buying rate of Rs 96.29 and a selling rate of Rs 96.69, while 10 Japanese Yen is traded at 9.35 for buying and 9.39 for selling. 

Similarly, one Chinese Yuan is fixed at 20.56 for buying and 20.64 for selling.

As the upcoming election to the House of Representatives (HoR) is 79 days away, the Election Commission (EC) has intensified preparations for polls. 

The EC has received applications from 100 political parties, out of 114 political parties registered for the first past the post electoral system, for the proportional representation (PR) election system. 

These parties submitted their applications before the deadline for the proportional category of the HoR election, which is set for March 5. 

For the political parties registered for the PR electoral system, the EC has provided election symbol as well. 

The Commission had designated the registration period for parties aiming for the proportional election from December 7-9.

Out of the 275-member HOR, 165 members will be elected through the direct election system, while 110 members will be elected via the PR system.