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The price of gold has dropped by Rs 700 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 117, 500 per tola today. It was traded at Rs 118, 200 per tola on Wednesday

Meanwhile, tejabi gold is being traded at Rs 116, 950 per tola. It was traded at Rs 117, 650 per tola.

Similarly, the price of silver has dropped by Rs 10 and is being traded at Rs 1,390 per tola today.

The Nepal Stock Exchange (NEPSE) plunged by -12. 10 points to close at 2, 163.06 points on Wednesday.

Similarly, the sensitive index dropped by -1. 11 points to close at 396. 31 points.

A total of 33,525,702-shares of 300 companies were traded for Rs 9. 76 billion.

Meanwhile, Global IME Laghubitta Bittiya Sanstha Ltd and Nepal Warehousing Company Limited were the top gaines today with their price surging by 10. 00 percent.

Likewise, Eastern Hydropower Limited  and Bhugol Energy Development Company Limited were ​​​​​​the top losers as their price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 1. 17 trillion.

Soon after signing a long-term power-trade deal with India, Nepal is preparing to export 40 MW electricity to Bangladesh from July this year, according to multiple sources.

Officials from Nepal, Bangladesh and India are working to finalize the modality of power export as soon as possible. During Prime Minister Pushpa Kamal Dahal’s New Delhi visit in May last year, India had agreed to allow Nepal to export 40 MW power to Bangladesh through its grid.

From July, Nepal will start exporting 40 MW to Bangladesh, which will pave the way for more cooperation in the coming days, said a diplomatic source. Now, three countries are working to finalize the tariff and other details to operationalize the agreement.

Nepal and Bangladesh are also working to construct a dedicated transmission line for the export of up to 5000 MW to Bangladesh. But there has been no tripartite agreement regarding the construction of a dedicated transmission line that passes through the Indian territory.  Private investors from Bangladesh are keen to invest in Nepal’s hydropower sector.

The signing of a long-term power trade agreement between Nepal and India has boosted the morale of both Indian and Bangladeshi investors, said the source. With the export of electricity to Bangladesh, the dreams of regional power trade will start materializing, said the government official. Recently, Nepal signed an agreement with India for the export of 10,000 MW over the next 10 years. 

The price of gold has dropped by Rs 1, 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 118, 200 per tola today. It was traded at Rs 119, 400 per tola on Tuesday.

Meanwhile, tejabi gold is being traded at Rs 117, 650 per tola. It was traded at Rs 118, 850 per tola.

Similarly, the price of silver has dropped by Rs 15 and is being traded at Rs 1,400 per tola today.