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The Nepal Stock Exchange (NEPSE) gained 54. 54 points to close at 2, 175. 17 points on Tuesday.

Similarly, the sensitive index surged by 9. 26 points to close at 397. 43 points.

A total of 23,370,053-unit shares of 304 companies were traded for Rs 8. 02 billion.

Meanwhile, Butwal Power Company Limited, United Modi Hydropower Ltd, Himalayan Power Partner Ltd, NRN Infrastructure and Development Limited  and Nepal Warehousing Company Limited were the top gainers today, with their price surging by 10. 00 percent.

Likewise, Jyoti Bikash Bank Bond 2087 was the top loser as its price fell by 9. 99 percent.

At the end of the day, total market capitalization stood at Rs 1. 18 trillion.

The price of gold has dropped by Rs 100 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 119, 400 per tola today. It was traded at Rs 119, 500 per tola on Wednesday

Meanwhile, tejabi gold is being traded at Rs 118, 850 per tola. It was traded at Rs 118, 950 per tola.

Similarly, the price of silver has dropped by Rs 5 and is being traded at Rs 1,415 per tola today.

Nepalgunj Sub-Metropolitan City has achieved 54 percent of its annual revenue target in the first half of the current fiscal year. 

The local government in Lumbini Province had set a target of collecting internal revenues amounting to Rs 190m for the fiscal year, and as of now, Rs 102.07m has been collected. 

The information about the revenue collection was shared during the 14th Convention of the Sub-metropolis Municipal Assembly, which concluded on Saturday.

Mayor Prashant Bista presented various agendas during the event, seeking approvals for plans for the current fiscal year, budget transfers, additional projects under the Prime Minister’s Employment Programme, public-private partnerships for waste management, and regulations for tobacco products in the town.

All proposed agendas were unanimously passed during the convention, according to Chief Administrative Officer Om Bahadur Khadka. The event was attended by ward chairs from all 23 wards, municipal executive assembly members, and local government employees. 

The sub-metropolis has made financial progress of 32.7 percent towards recurrent expenditure, of 13.42 percent towards capital expenditure and of 43.81 percent towards financial management. 

Likewise, it is stated in the progress report that provisions have been made for direct payment to the related bank account through the EFT system with the objective of making the payment process smooth and transparent.

A total of 250 persons have benefited from the 24-hour free ambulance service from home to hospital. 

Among other works mentioned in the progress report include: design and implementation of local curriculum, promotion of IT-friendly teaching and learning, conduction of continuous campaign for the sustainability of the Sub-metropolis as the child marriage-free sub-metropolis, monitoring of cooperatives, market monitoring, distribution of the social security allowances through the EFT and the operation of the weekly evening-time Maha Aarati rituals at Bageshwori Temple premises with support from the Sub-metropolis.   

Also included in the progress report are activities like the regular cleaning of the main roads in the city, the management of medical waste in an effective manner, conduction of various disaster prevention drills at ward number 3 and 7,  retrofitting of the vulnerable physical infrastructures and the formulation of several guidelines and policies related to public service.

The price of gold has increased by Rs 300 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 119, 500 per tola today. It was traded at Rs 119, 200 per tola on Sunday.

Meanwhile, tejabi gold is being traded at Rs 118, 950 per tola. It was traded at Rs 118, 650 per tola.

Similarly, the silver is being traded at Rs 1,420 per tola today.