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The price of gold has dropped by Rs 800 per tola in the domestic market on Friday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 194, 700 per tola today. It was traded at Rs 195, 500 per tola on Thursday..

Similarly, the price of silver has dropped by 50 and is being traded at Rs 2, 150 per tola today.

The 9th China-South Asia Exposition kicked off in Kunming, the capital city of Yunnan Province in China, on Thursday.

The Exposition was organized by the Ministry of Commerce of China and Foreign Affairs Office of the People’s Government of Yunnan Province.

During the event, Nepali Ambassador to China Krishna Prasad Oli addressed the opening ceremony of the 6^th China South Asia Cooperation Forum hosted by the Ministry of Foreign Affairs of China and the Foreign Affairs Office of Yunnan Province under the theme “Join Hands for Open and Inclusive Development.”

He underscored the importance of the Forum as a key platform for strengthening regional exchanges and mutual benefits between China and South Asia, reads a statement issued by the Nepali Embassy in Beijing.  

Ambassador Oli highlighted the vast potentials of South Asia, pointing out its shared commonalities including natural resources, cultural diversity, vibrant markets and huge workforce as important components making mutual cooperation and collaboration essential in the region.

He also expressed his satisfaction over the extensive, deep rooted and multifaceted relationship between Nepal and China.

With 2025 marking the 70^th anniversary of bilateral relations between Nepal and China, he emphasized the need of further fostering cooperation in the fields such as trade, investment, tourism, energy, agriculture, ICT, industry, connectivity, health, and education, according to the statement.

He also called for continued support of China in Nepal’s efforts of transforming from a landlocked country to a land-linked country.

The Birgunj Inland Revenue Office has collected more than Rs 8.52 billion in revenue in the first 11 months of the current fiscal year 2081/82 BS.

The collection is more than the Office's target.

During the review period, the Office was expected to collect slightly more than Rs 7.51 billion. 

Chief Tax Officer of the Birgunj Inland Revenue Office, Tikaraj Chaulagain, said the Office collected 113.36 percent of the total target set for the first 11 months of the running fiscal year. 

According to the Office, the highest amount of the collection was received from the excise duty, which is Rs 4.5 billion.

Likewise, Rs 2.55 billion was collected under the income tax while Rs 251 million was received from the house rental tax. 

Similarly, Rs 1.83 billion was collected against the target of Rs 2.22 billion under the heading of the value added tax (VAT) during the first 11 months of the current fiscal year, according to the Birgunj Inland Revenue Office.   

The Nepal Stock Exchange (NEPSE) plunged by 24. 59 points to close at 2, 629.08 points on Thursday.

Similarly, the sensitive index dropped by 2. 60 points to close at 449. 89 points.

A total of 29,415,407-unit shares of 314 companies were traded for Rs 11. 23 billion.

Meanwhile, Panchakanya Mai Hydropower Ltd (PMHPL) was the top gainer today with its price surging by 9. 98 percent. Likewise, Pure Energy Limited (PURE) and Rasuwagadhi Hydropower Company Limited (RHPL) were the top losers as its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 4. 37 trillion.