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The price of gold has increased by Rs 1, 000 per tola in the domestic market on Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 134, 000 per tola today. It was traded at Rs 133, 000 per tola on Wednesday.

Similarly, tejabi gold is being traded at Rs 133, 350 per tola. It was traded at Rs 132, 350 per tola.

Meanwhile, the price of silver has increased by Rs 40 and is being traded at Rs 1, 650 per tola today.

The Nepal Stock Exchange (NEPSE) plunged by 3. 43 points to close at 2,006.78 points on Wednesday.

Similarly, the sensitive index dropped by 3. 43 points to close at 355. 77 points.

A total of 6,481,834-unit shares of 322 companies were traded for Rs 2. 53 billion.

Meanwhile, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) was top gainer today with its price surging by 10. 00 percent. Likewise, River Falls Power Limited (RFPL) was the top loser with its price dropped by 4. 40 percent.

At the end of the day, the total market capitalization stood at Rs 3. 18 trillion.

All tasks related to auction and issuance of domestic debts will now be managed by the Public Debt Management Office (PDMO). Publishing a notice on Sunday, the Nepal Rastra Bank (NRB) announced that the auction and issuance of treasury bills and government bonds will be conducted exclusively through the PDMO starting from April 1.

The Monetary Management Department of the NRB had previously been responsible for all tasks related to domestic debt. Although there were concerns about the same entity handling fiscal and monetary policies, the central bank had been managing public debt in the absence of a separate entity and necessary laws.

The government established the PMDO five years ago specifically for the purpose of managing public debt. While the PMDO was already handling external debt, it will now be responsible for all operations related to domestic debt starting from Monday. “Since the PDMO will make auction decisions based on DOMS, the central bank requests participants to submit bids through both DOMS and OBSS,” the NRB said in the notice.

The Public Debt Management Regulations, 2024, paved the way for the PDMO to handle all domestic debt operations. The regulations were published in the gazette on March 14. According to the regulations, the PDMO should manage public debt by maintaining consistency between fiscal and monetary policies. Similarly, it will be responsible for granting licenses to market makers and sales agents, as well as monitoring their transactions. The PDMO will be required to publish the annual schedule for mobilizing domestic debt, auction schedule, and any revised schedules by informing the Nepal Rastra Bank (NRB).

As per the regulations, the Revenue Secretary will chair the Debt Instrument Issuance and Operation Committee that will prepare the schedules. Joint secretaries of the Economic Policy Analysis Division of the Ministry of Finance and Economic Management Division of the National Planning Commission and the Deputy Auditor General of the Office of the Auditor General will be the members of the committee.

The regulations also state that the interest rate on government debt in the form of overdraft or bonds issued against it shall be equal to the weighted average interest rate of 91-day Treasury Bills for the fiscal year in which the overdraft was taken. With the responsibility of domestic debt management transferred to the PMDO, the Monetary Management Department of NRB will now focus solely on the effective management of monetary instruments, according to NRB officials.

The price of gold has increased by Rs 1, 800 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 133, 000 per tola today. It was traded at Rs 131, 200 per tola on Tuesday.

Similarly, tejabi gold is being traded at Rs 132, 350 per tola. It was traded at Rs 130, 550 per tola.

Meanwhile, the price of silver has increased by Rs 64 and is being traded at Rs 1, 610 per tola today.