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Private airline companies have suspended flights on the Pokhara–Jomsom route for a couple of months due to a sharp decline in the number of tourists visiting Mustang during the winter season.

Summit Airlines and Tara Air decided to halt services citing adverse weather conditions, the risk of snowfall, and a drop in tourist arrivals during the off-season, according to Civil Aviation Authority of Nepal (CAAN) Jomsom Office Chief Deepak Pokharel. 

Both airlines normally operate regular flights on the route.

However, chartered and emergency helicopter services are continuing.

Tara Airlines’ Mustang station in-charge, Suchan Lalchan, said that Pokhara–Jomsom flights have been suspended from December 4 to March 4. 

Summit Airlines stated that its services have remained closed for the past two months.

Strong winter winds in Mustang significantly affect flight operations. 

In addition, improved travel convenience along the Beni–Jomsom–Korala roadway has led to a further decline in air passengers.

The price of gold has dropped by Rs 600 per tola in the domestic market on Thursday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 267, 500 per tola today.  It was traded at Rs 268, 100 per tola on Wednesday. 

Similarly, the price of silver has dropped by Rs 20 and is being traded at Rs 4, 400 per tola.

The Nepal Stock Exchange (NEPSE) gained 1. 37 points to close at 2, 585. 87 points on Wednesday. 

Similarly, the sensitive index surged by 0. 94 points to close at 448. 53 points.

A total of 7,224,917-unit shares of 334 companies were traded for Rs 1. 47 billion.

Meanwhile, Infinity Laghubitta Bittiya Sanstha Limited (ILBS) was the top gainer today, with its price surging by 5. 32 percent. 

Likewise, Grameen Bikas Laghubitta Bittiya Sanstha Ltd. (GBLBS) was the top loser as its price fell by 4. 23 percent.

At the end of the day, total market capitalization stood at Rs 4. 34 trillion.

Prices of gold and silver have continued to climb over the past several days, repeatedly setting new records.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has been fixed at Rs 268,100 per tola (11.66 grams) today, while silver is priced at Rs 4,420 per tola.

These are the highest prices recorded so far for both precious metals.

On Sunday, gold was priced at Rs 258,300 per tola and silver at Rs 4,105 per tola.

The prices increased on Monday to Rs 261,700 and Rs 4,235 per tola respectively, and rose further on Tuesday to Rs 267,200 for gold and Rs 4,255 for silver.

Market analysts attribute the continued rise in gold and silver prices to a stronger US dollar.

In the international market, gold is currently trading at USD 4,525 per ounce, while silver is priced at USD 73 per ounce.