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The price of gold has dropped by Rs 1, 700 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 259, 000 per tola today.  It was traded at Rs 260, 700 per tola on Monday.

The price of silver, however, has increased by Rs 15 and is being traded at Rs 3, 885 per tola.

Nepal's travel payment increased 11.8 percent to Rs 75.74 billion, including Rs 48.26 billion for education in the first four months of the current fiscal year 2082/83 BS. 

As per the Current Macroeconomic and Financial Situation of Nepal released on Monday by the Nepal Rastra Bank (NRB) based on four months ending mid-November, such income was Rs 26.90 billion in the same period of the previous year. 

In the same period of the previous year, travel payment was Rs 67.75 billion including Rs 37.77 billion for education.

The central bank stated that travel income increased 0.9 percent to Rs 27.15 billion in the review period. 

Net services income remained at a deficit of Rs 32.91 billion during the review period. Such income had a deficit of Rs 22.37 billion in the same period of the previous year, according to the central bank.

Likewise, the remittance inflows increased 31.4 percent to Rs 687.13 billion in the four months of current fiscal year compared to an increase of 9.4 percent in the same period of the previous year. 

During mid-October to mid-November (Kartik month), remittance inflows stood at Rs 133.82 billion. 

In the same period of the previous year, such inflows were Rs 114.31 billion, the report on the Current Macroeconomic and Financial Situation stated.

The value of the US dollar climbed to a record high against the Nepali rupee on December 16. 

According to the Nepal Rastra Bank (NRB), the buying rate of one US Dollar has been fixed at 144.88 and the selling rate at Rs 144.48 for today.   

According to the central bank, the buying rate of one Euro has been fixed at Rs 170.20 and the selling rate at Rs 170.90. The UK pound sterling is priced at a buying rate of Rs 193.95 and a selling rate of Rs 194.75.

The Swiss Franc is traded at Rs 182 for buying and Rs 182.75 for selling, the NRB stated.

Likewise, one Australian dollar is priced at a buying rate of Rs 96.29 and a selling rate of Rs 96.69, while 10 Japanese Yen is traded at 9.35 for buying and 9.39 for selling. 

Similarly, one Chinese Yuan is fixed at 20.56 for buying and 20.64 for selling.

The Nepal Stock Exchange (NEPSE) gained 6. 74 points to close at 2, 601. 61 points on Monday. 

Similarly, the sensitive index surged by 2. 01 points to close at 447. 52 points.

A total of 7,757,625-unit shares of 329 companies were traded for Rs 3. 44 billion.

Meanwhile, Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK) was the top gainer today, with its price surging by 10. 00 percent. 

Likewise, Him Star Urja Company Limited (HIMSTAR) was the top loser as its price fell by 6. 95 percent.

At the end of the day, total market capitalization stood at Rs 1. 47 trillion.