Gold price drops by Rs 500 per tola on Monday
The price of gold has dropped by Rs 500 per tola in the domestic market on Monday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 115, 400 per tola today. It was traded at Rs 115, 900 per tola on Sunday.
Meanwhile, tejabi gold is being traded at Rs 114, 850 per tola. It was traded at Rs 115, 350.
Similarly, the silver is being traded at Rs 1,415 per tola today.
Nepse plunges by 21. 46 points on Sunday
The Nepal Stock Exchange (NEPSE) plunged by 21. 46 points to close at 1,826.23 points on Sunday.
Similarly, the sensitive index dropped by 5. 36 points to close at 352. 39 points.
A total of 3,558,554-unit shares of 289 companies were traded for Rs 972 billion.
Meanwhile, NIC ASIA Laghubitta Bittiya Sanstha Limited was the top gainer today with its price surging by 6. 97 percent.
Likewise, Himalayan Laghubitta Bittiya Sanstha Limited was the top loser as its price fell by 10.00 percent.
At the end of the day, the total market capitalization stood at Rs 2. 81 trillion.
Gold being traded at Rs 115, 900 per tola
The gold is being traded at Rs 115, 900 per tola in the domestic market on Sunday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, tejabi gold is being traded at Rs 115, 350 per tola.
Similarly, the silver is being traded at Rs 1,415 per tola today.
NRB, FNCCI sign MoU to formulate comprehensive economic policy
A memorandum of understanding has been signed between Nepal Rastra Bank (NRB) and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) to formulate the comprehensive economic policy and enhance the industrial and business environment.
In the presence of Governor of the central bank Maha Prasad Adhikari and the FNCCI President Chandra Prasad Dhakal, the MoU was signed by Dr Prakash Kumar Shrestha, executive director of the bank's research department, and the FNCCI Director-General Gokarna Raj Awasthi amid a function here today.
According to the agreement, the bank and FNCCI will conduct a fact-based study on various issues. On the occasion, saying that the agreement had created an opportunity for the two institutions to go ahead hand-in-hand, Governor Adhikari expressed the hope that it would help increase the participation of the private sector in policy-making in the days to come.
Similarly, thanking the central bank for its cooperation with the private sector, the FNCCI President Dhakal offered his confidence that the MoU would help in formulating a reality-based policy in the future apart from helping disseminate right information.
According to the MoU, the FNCCI and member organizations will provide required information for the bank to carry out a study while the bank is required to provide required technical assistance for the FNCCI to conduct a study.
Joint research will also be carried out in need.
A facilitation cell will be created to implement the agreement that will be valid for five years.
Rastra Bank Deputy Governor Dr Nilam Dhungana, the FNCCI senior vice president Anjan Shrestha, and vice presidents Surkrishna Baidhya, Hemraj Dhakal and Jyotsana Shrestha among others were present on the occasion.
