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The price of gold has dropped by Rs 5, 400 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 302, 300 per tola today.   It was traded at Rs 307, 700 per tola on Wednesday. 

Similarly, the price of silver has dropped by Rs 140 and is being traded at Rs 5, 010 per tola.

Mechi Customs Office has collected Rs 11.58 billion in revenue in the first eight months of the current fiscal year. This is 96.06 percent of the target set for the same period.

According to the Information Officer Ishwar Kumar Humagain, the target was to collect Rs 12.55 billion by the end of Falgun of the current fiscal year. 

In the eight months of the current fiscal year, Rs 4.89 billion has been collected under the customs duty, Rs 220 million under the customs duty export, Rs 63 million under the customs related other income, Rs 629, 000 under the export service fee, and Rs 100 million under the agricultural reform fee.

Similarly, Rs 264.22 million has been collected under the excise duty, Rs 392.38 million under the road maintenance and improvement fee, Rs 1.22 billion under the infrastructure tax, Rs 1.22 billion under the health risk tax, Rs 4.20 billion under the value added tax (import) and Rs 132.35 million under the green tax.

The office has set an annual target of collecting a total of Rs 18.87 billion under the current fiscal year 2082/083, added Information Officer Humagai.

The Nepal Stock Exchange (NEPSE) surged by 13. 51 points to close at 2, 812. 34 points on Wednesday. 

Similarly, the sensitive index dropped by 2. 14 points to close at 482. 56 points.

A total of 34,852,760-unit shares of 340 companies were traded for Rs 1. 62 billion.

Meanwhile, Reliance Spinning Mills Limited (RSML) and Solu Hydropower Limited (SOHL) were the top gainers today with its price surging by 10. 00 percent.

Similarly, NIC ASIA Growth Fund-2 (NICGF2) was the top loser as its price fell by 4. 74 points. 

At the end of the day, the total market capitalization stood at Rs 4. 76 trillion.

The price of gold has dropped by Rs 2, 200 per tola in the domestic market on Wednesday.  

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 307, 700 per tola today.   It was traded at Rs 309, 900 per tola on Tuesday. 

Similarly, the price of silver has dropped by Rs 185 and is being traded at Rs 5, 150 per tola.