Gold price drops by Rs 600 per tola on Thursday
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.
Nepse surges by 1. 37 points on Wednesday
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.
Gold and silver prices hit new record high
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.
Nepse surges by 3. 27 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 3. 27 points to close at 2, 584. 49 points on Tuesday.
Similarly, the sensitive index surged by 1. 57 points to close at 447. 58 points.
A total of 7,668,915-unit shares of 328 companies were traded for Rs 1. 47 billion.
Meanwhile, SY Panel Nepal Limited (SYPNL) was the top gainer today, with its price surging by 7. 01 percent.
Likewise, Citizen Life Insurance Company Limited (CLI) was the top loser as its price fell by 5. 97 percent.
At the end of the day, total market capitalization stood at Rs 4. 33 trillion.
