Gold price increases by Rs 1, 200 per tola on Monday

The price of gold has increased by Rs 1, 200 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 168, 700 per tola today. It was traded at Rs 167, 500 per tola on Sunday.

Similarly, the price of silver has increased by Rs 15 and is being traded at Rs 1,970 per tola today.

 

Nepse surges by 19. 56 points on Sunday

The Nepal Stock Exchange (NEPSE) gained 19.56 points to close at 2,698.03 points on Sunday.

Similarly, the sensitive index surged by 3.54 points to close at 453. 42 points.

A total 20,984,440-unit shares of 309 companies were traded for Rs 9. 47 billion.

Meanwhile, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB), Gurans Laghubitta Bittiya Sanstha Limited (GLBSL), Nepal Finance Ltd. (NFS) and Janaki Finance Company Limited (JFL) were the top gainers today, with their price surging by 10. 00 percent.

Likewise, Nyadi Hydropower Limited (NYADI) was the top loser as its price fell by 10.00 percent.

At the end of the day, total market capitalization stood at Rs 4. 47 trillion.

Gold price drops by Rs 2,700 per tola on Sunday

The price of gold has dropped by Rs 2,700 per tola (11.66 grams) in the domestic market on Sunday.

According to the Federation of Nepal Gold and Silver Dealers' Association, the precious yellow metal is being traded at Rs 167,500 per tola today. It was traded at Rs 170,200 per tola on Friday.

Similarly, the price of silver has dropped by Rs 15 per tola and is being traded at Rs 1, 955 per tola.

 

 

Economic crisis plagues Hetauda Cement Industry

The Hetauda Cement Industry (HCI) has faced a deepening financial crisis, causing adverse impact on production.

HCI management had shut down the factory since October 1, 2024, reasoning the need for repairing machines. Although it was expected to complete maintenance and resume production from mid-November, the administration argued it took more time for repair.

Administration chief and spokesperson, Hareram Aryal, however, said, "Only maintenance is not the reason behind delay in resumption of industry. As the economic crisis is deepening, it is not sure when to resume the industry."

Although the production is nil at present, the spending is regular- salary to employees and fuel costs. It further adds to the financial problems, according to him.

Aryal shared that the industry was in need of raw materials. "If it runs daily, at least 120 trucks of coal are required. It is not available now nor has money to purchase it. The previous payment is pending for a long time."

The employees are also not paid for their extra services.

Established at Lamsure of Hetauda city in 2033 BS, the industry had begun producing cement since 2043BS. The implements are old to use in full capacity for production.

Technical chief Kameshwor Mandal said, "Many equipment are overused and now not functioning well to ensure smooth production." He further said the maintenance was still going on.

When the industry is run in full capacity, it produces as many as 16,000 sacks of cement every day.