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The price of gold has dropped by Rs 300 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 152, 300 per tola today. It was traded at Rs 152, 600 per tola on Thursday.

The silver is being traded at Rs 1,810 per tola today.

The Nepal Stock Exchange (NEPSE) plunged by 34. 47 points to close at 2,966.33 points on Sunday.

Similarly, the sensitive index dropped by 6. 65 points to close at 528. 85 points.

A total of 65,475,366-unit shares of 330 companies were traded for Rs 28. 83 billion.

Meanwhile, Rastriya Beema Company Limited (RBCL), Life Insurance Corporation (Nepal) Limited (LICN), Multipurpose Finance Company Limited (MPFL) and Sampada Laghubitta Bittiya Sanstha Limited (SMPDA) were the top gainers today with their price surging by 10. 00 percent.

Likewise, Nepal Finance Ltd. (NFS) was the top loser with its price dropped by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 4. 71 trillion.

The Commission for the Investigation of Abuse of Authority (CIAA) has issued a 7-point advisory to improve policies for submission of property details. 

After submission of the 2022/23 National Vigilance Center’s ‘Asset Details Monitoring Report’ along with property details by public service officers and employees on Tuesday, the commission has issued the advisory.

The Office of the Prime Minister and Council of Ministers, the Office of the Chief Minister and Council of Ministers, and the Ministry of Federal Affairs and General Administration were given suggestions, as mentioned by the Spokesperson of CIAA Joint-secretary Narhari Ghimire. 

Officers and employees that fail to submit the 2022/23 property description by the assigned date would be required to enroll Rs 5,000 in a government-run bank as per the suggestion. Additionally, property descriptions are to be submitted to the specified body within 30 days and the details are to be entered in the software of the National Vigilance Center as well as the Commission along with bank vouchers. 

CIAA has suggested to make the information regarding whether or not officers and employees that failed to submit property details have paid the penalty amount of 5 thousand per year and whether or not they have submitted the details within 30 days to the specified body in the past economic years 2020/21 and 2021/22 available to the Commission. 

The commission has asked to be informed regarding whether or not each district union, provincial and local level officers and employees have presented property details in the years 2020/21, 2021/22, and 2022/23 and whether those to have not presented have paid the penalty amount of Rs 5,000 per year.

Additionally, all 77 Chief District Officers have been advised to submit reports of submissions of property details in specified bodies within 30 days.

The price of gold has dropped by Rs 900 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 149, 600 per tola today. It was traded at Rs 150, 500 per tola on Thursday.

The price of silver, however, has increased by Rs 20 and is being traded at Rs 1,760 per tola today.