Gold price increases by Rs 500 per tola on Sunday
The price of gold has increased by Rs 500 per tola 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 138, 400 per tola today. It was traded at Rs 135, 600 per tola on Thursday.
Similarly, tejabi gold is being traded at Rs 137, 750 per tola. It was traded at Rs 134, 950 per tola.
Meanwhile, the silver is being traded at Rs 1, 725 per tola today.
MCA-Nepal signs contract to construct 400 KV substation
In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 KV New Butwal Substation in Nawalparasi (Bardaghat Susta West) in Lumbini Province. The 400 KV Gas Insulated Switchgear (GIS) substation will be constructed within the contract duration of 39 months.
Kul Man Ghising, the managing director for Nepal Electricity Authority (NEA), and Dean R. Thompson, the US ambassador to Nepal, local authorities and elected representatives were also present at the signing ceremony in Bhumahi, Nawalparasi (Bardaghat Susta West), said a press release issued by MCA-Nepal office.
“The US government is committed to working with the government of Nepal to ensure that the compact delivers on Nepal’s energy needs. The 400 kV New Butwal Substation will improve Nepal’s transmission capacity contributing to reliable and affordable electricity for household consumption, expanded commercial and industrial enterprises and cross-border electricity trading,” said US Ambassador Thompson.
NEA Managing Director Ghising said the 400 kV substation has been a priority for NEA and will supplement the existing 220 kV substation to significantly increase cross-border energy trade in the region. MCA-Nepal Executive Director Khadga Bahadur Bisht highlighted the overall progress being made in the implementation of the MCC Nepal Compact. “MCA-Nepal is expediting all works for the construction of the transmission lines and substations under the Electricity Transmission Project. We are at the final stages of the procurement process to sign the contract for the construction of the remaining two substations as well,” he said.
Along with this substation, MCA-Nepal is constructing two other substations in Ratmate, Nuwakot district and Damauli, Tanahun under the Electricity Transmission Project funded by the US government’s Millennium Challenge Corporation (MCC) and the government of Nepal. The MCA-Nepal Board, chaired by the secretary at the Ministry of Finance, decided in its March board meeting to advance the 18 km Nepal portion of the new Butwal-Gorakhpur power transmission line to facilitate timely initiation of cross-border power trade as outlined in the agreement with India.
Gold price increases by Rs 2, 300 per tola on Friday
The price of gold has increased by Rs 2, 300 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 137, 900 per tola today. It was traded at Rs 135, 600 per tola on Thursday.
Similarly, tejabi gold is being traded at Rs 137, 250 per tola. It was traded at Rs 134, 950 per tola.
Meanwhile, the silver is being traded at Rs 1, 735 per tola today.
Nepse surges by 5. 63 points on Thursday
The Nepal Stock Exchange (NEPSE) gained 5.63 points to close at 1,966.23 points on Thursday.
Similarly, the sensitive index surged by 1.19 points to close at 350. 60 points.
A total of 7,058,399-unit shares of 313 companies were traded for Rs 3. 12 billion.
Meanwhile, Oriental Hotels Limited (OHL) was the top gainer today, with its price surging by 8. 46 percent. Likewise, Kumari Sabal Yojana (KSY) was the top loser as its price fell by 8.48 percent.
At the end of the day, total market capitalization stood at Rs 3. 11 trillion.
