Gold price hits new record at Rs 187, 000 per tola
The price of gold has reached an all-time high in the domestic market on Wednesday, setting a new historical record.
According to the Federation of Nepal Gold and Silver Traders, the price of gold has increased by Rs 2, 700 per tola to reach Rs 187, 000 per tola today. It was traded at Rs 184, 300 per tola on Tuesday.
Similarly, the price of silver has increased by Rs 10 and is being traded at Rs 1, 955 per tola.
Trump signs executive action to lower drug prices
US President Donald Trump signed an executive order on Tuesday to lower drug prices by allowing states to negotiate more freely overseas and streamlining the price negotiating process.
This move addresses the issue that Americans have the highest prescription drug prices in the world, often leading consumers to pay a significant portion of their medical costs out of pocket, despite having high insurance premiums, CNN reported.
A White House official stated, "This executive order will deliver significant relief to seniors and low-income individuals who rely on essential medications, such as insulin, among many others."
The official also emphasized that the purpose of the initiative is to make the prescription drug market more competitive so that consumers and the government pay prices that accurately reflect the value of these drugs rather than being impacted by complicated government payment strategies.
NOC slashes prices of petroleum products
Nepal Oil Corporation (NOC) slashed the prices of petroleum products on Thursday.
The NOC decided to cut Rs 3 per litre in petrol, diesel and kerosene.
According to the new revised rate, the price of petrol will be Rs 160 per liter. Earlier, the price of petrol was Rs 163 per liter.
Similarly, the price of kerosene and diesel will be Rs 146 per litre each. Earlier, the price of diesel and kerosene was Rs 149 per liter each.
The state-owned oil monopoly, however, has not reduced the price of Liquefied Petroleum Gas (LPG).
The revised fuel price will come into effect from midnight today.
Nepse surges by 26. 55 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 26.55 points to close at 2,688.63 points on Tuesday.
Similarly, the sensitive index surged by 4.29 points to close at 450. 74 points.
A total of 21,841,047-unit shares of 320 companies were traded for Rs 8. 54 billion.
Meanwhile, Corporate Development Bank Limited (CORBL), Green Development Bank Ltd. (GRDBL) and Saptakoshi Development Bank Ltd (SAPDBL) were the top gainers today, with their price surging by 10. 00 percent.
Likewise, Balephi Hydropower Limited (BHL) was the top loser as its price fell by 9.99 percent.
At the end of the day, total market capitalization stood at Rs 4. 47 trillion.
