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The price of gold has dropped by Rs 3, 000 per tola in the domestic market on Friday. .  

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 303, 500 per tola today.  It was traded at Rs 306, 500 per tola on Thursday. 

The price of silver, however, has increased by Rs 340 and is being traded at Rs 5, 000 per tola.

Nepal Rastra Bank (NRB) has assigned engineer Sahdev Chand as the Chief Information Security Officer (CISO) effective from February 11.

Engineer Chand has been working at NRB for over 24 years. 

He has extensive experience in the areas spanning the economic research department, banking department, non-bank financial institution supervision department, and the information technology department. 

Engineer Chand is currently engaged in General Ledger operations and Disaster Recovery Management.

As a CISO, Chand will lead initiatives to strengthen NRB’s cybersecurity framework, enhance protection of digital infrastructures, and ensure compliance with national and international regulatory standards. His responsibilities include advancing Security Operations Center (SOC) capabilities and reinforcing information security governance so that it would contribute to cyber resilience, according to NRB.

NRB Spokesperson Guru Prasad Paudel said that Chand was assigned as CISO as per NRB's Cyber Security Policy, 2074.

The assignment comes amidst NRB's ongoing digital transformation. 

The new responsibility is expected to contribute to NRB’s strategic commitment to strengthening cybersecurity governance, enhancing institutional resilience and maintaining public trust in Nepal’s financial system in the wake of digital advancement at warp speed.

Chand, who holds BSc Engineering in Computer Science and Engineering from Khulna University, Bangladesh, also has the MA and MPhil Degrees in Economics from Tribhuvan University. He is currently pursuing PhD in Economics at Tribhuvan University. 

Chand has participated in numerous international training programs in cybersecurity, ICT policy, Central Bank Digital Currency (CBDC), and distributed ledger technologies across Asia, Europe and the United States.

The Nepal Stock Exchange (NEPSE) gained 8. 97 points to close at 2, 671. 07 points on Thursday.

Similarly, the sensitive index surged by 1. 51 points to close at 456. 72 points.

A total of 27,780,584-unit shares of 337 companies were traded for Rs 1. 52 billion.

Meanwhile, Madhya Bhotekoshi Jalavidyut Company Limited (MBJC) was the top gainer today, with its price surging by 9. 99 percent. 

Likewise,  Kalinchowk Darshan Limited (KDL) was the top loser as its price fell by 7. 59 percent.

At the end of the day, total market capitalization stood at Rs 4. 48 trillion.

The price of gold has dropped by Rs 100 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 306, 500 per tola today.  It was traded at Rs 306, 600 per tola on Wednesday. 

The price of silver, however, has increased by Rs 50 and is being traded at Rs 5, 340 per tola.