Gold price drops by 2, 900 per tola on Thursday
The price of gold has dropped by Rs 2, 900 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 292, 200 per tola today. It was traded at Rs 295, 100 per tola on Wednesday.
Similarly, the silver is being traded at Rs 5, 870 per tola.
Nepse plunges by 9. 43 points on Wednesday
The Nepal Stock Exchange (NEPSE) plunged by 9. 43 points to close at 2, 705. 38 points on Wednesday.
Similarly, the sensitive index dropped by 1. 35 points to close at 465. 90 points.
A total of 21,641,883-unit shares of 324 companies were traded for Rs 1. 54 billion.
Meanwhile, Kalika power Company Ltd (KPCL) was the top gainer today with its price surging by 9. 84 percent.
Likewise, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) was the top loser as its price fell by 5. 89 percent.
At the end of the day, the total market capitalization stood at Rs 4. 54 trillion.
Sharp rise in gold price in domestic market
The price of gold climbed sharply in the domestic market today compared to Tuesday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold reached Rs 295,100 per tola (11.66 grams) today, while that of silver is set at Rs 5,920 per tola.
On Tuesday, gold was traded at Rs 284,700 per tola, while the price of silver stood at Rs 5,880 per tola. Recently, both gold and silver prices have continued to surge significantly.
In the international market, gold is priced at USD 4,740 per ounce today, while silver is trading at USD 95 per ounce, international media reported.
According to economic analysts, rising uncertainty in the global economy, inflation, and geopolitical tensions have contributed to the increase in gold and silver prices, as they are considered safe investment assets.
Nepse surges by 42. 26 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 42. 26 points to close at 2, 714. 81 points on Tuesday.
Similarly, the sensitive index surged by 7. 82 points to close at 467. 25 points.
A total of 25,185,647-unit shares of 339 companies were traded for Rs 1. 55 billion.
Meanwhile, Gurkhas Finance Ltd. (GUFL) was the top gainer today, with its price surging by 10. 00 percent.
Likewise, 10.75% SBL Debenture 2089 (SBLD89) 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. 55 trillion.
