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The price of gold has increased by Rs 1,400 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 169, 500 per tola today. It was traded at Rs 168, 100 per tola on Sunday.

Similarly, the price of silver has increased by Rs 25 and is being traded at Rs 1, 940 per tola today.

Unseasonal rains have severely damaged physical infrastructure at Rasuwa and Tatopani, Nepal’s main customs checkpoints with China, leading to significant trade losses. According to the Nepal Himalayan Cross-Border Chamber of Commerce, floods have washed away roads and bridges, stranding imported goods. Around 300 to 400 containers remain stuck at Tatopani, while about 700 are stranded at Kerung. Even when the checkpoints were operational, 40 to 50 customs clearances remained incomplete daily.

Business owners have suffered heavy losses as perishable goods spoiled and items purchased on credit could not be sold on time. With prolonged delays, imported goods became more expensive, directly impacting consumers and reducing market activity. Consequently, businesses did not meet expected sales during the festive season. Additionally, export disruptions have affected national revenue and the livelihoods of workers dependent on the production of export goods. Despite these issues, the government has yet to devise short- or long-term strategies to ensure road connectivity after checkpoint blockages.

Repeatedly, disasters—including the 2015 earthquake and annual heavy rains—have disrupted these vital trade routes. Their geographic vulnerability to landslides and floods exacerbates the problem, with roads deteriorating every rainy season. However, the lack of durable infrastructure forces traders to rely on makeshift roads, posing significant risks. Reflecting on past conditions, former Industry Secretary Purushottam Ojha stated, “This did not happen before, but climate change has intensified floods and landslides. The government must adopt a strategic approach to maintaining supply chains considering climate change impacts.”

Every year, traders face financial losses due to supply delays caused by checkpoint blockages during the monsoon. Ahead of Dashain, they urged the government to invest in sustainable infrastructure, emphasizing the chronic lack of development at northern checkpoints. Nepal has 41 customs offices, of which only 28 to 29 operate regularly. The most rain-affected ones are the Rasuwa Customs Office in Timure, Rasuwa, and the Tatopani Customs Office in Larcha, Sindhupalchowk. According to Customs Department data, Rasuwa accounts for about four percent of Nepal’s total imports annually, while Tatopani handles around three percent. In the current fiscal year, Nepal’s total imports stood at Rs 988.58bn, with Rasuwa accounting for Rs 47.9bn and exports worth Rs 1.66bn. On average, Rasuwa contributes about one percent of Nepal’s total annual exports to China. Meanwhile, Tatopani recorded imports worth Rs 27.25bn in the first seven months of this fiscal year, though no exports have been reported so far.

Despite Tatopani’s significance as Nepal’s primary trade border with China, it perennially faces road infrastructure challenges. Floods and landslides frequently wash away the main road connecting Tatopani, forcing traders to transport goods at great risk. Business owners lament the government’s failure to conduct long-term repairs on the Barabise-Tatopani road. The route’s precarious location along the Bhotekoshi River, flanked by steep mountains, further heightens the risk of road collapses.

This recurring issue has worsened in recent years, especially during major festivals, leaving imported goods stranded for months. Such disruptions challenge the government’s revenue targets while raising business costs. Supply chain delays ultimately burden consumers with inflated prices.

Climate change has intensified extreme weather patterns, leading to increased incidents of floods and landslides that obstruct trade routes. Over the past three to four years, Nepal has experienced heavy rains from the monsoon through the festival season, worsening the situation at northern customs checkpoints. These unnatural floods have repeatedly collapsed roads and bridges, paralyzing trade.

Despite ongoing appeals, traders argue that the government has not prioritized road maintenance at Tatopani. This year, checkpoint blockages caused massive financial losses due to shipment delays. Kamlesh Kumar Agrawal, president of the Nepal Chambers of Commerce, highlighted the dire state of infrastructure, stating, “The northern border lacks proper infrastructure, and the temporary roads and bridges are inadequate due to natural disasters. This adds to traders’ expenses.”

Following a 26-day blockade during Dashain, traders met with the Commerce Minister to demand sustainable infrastructure development. Agrawal noted, “The government never outright rejects business concerns, but bureaucratic delays ultimately shift the burden onto consumers.”

The Nepal Stock Exchange (NEPSE) plunged by 13. 62 points to close at 2,876.66 points on Monday. 

Similarly, the sensitive index dropped by 3. 71 points to close at 480. 59 points. 

A total of 31,241,258-unit shares of 300 companies were traded for Rs 14. 28 billion.

Meanwhile, Guardian Micro Life Insurance Limited (GMLI) was the top gainer today with its price surging by 10. 00 percent. Likewise, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) 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 4. 77 trillion.

The Nepal Electricity Authority (NEA) is constructing six 132/11 kV substations at various locations in Kathmandu and Bhaktapur to enhance the adequacy, reliability, quality, and safety of electricity transmission and distribution within the valley. Among these, the Teku substation in Kathmandu is already operational. The Futung and Mulpani substations are in their final stages, with work underway to bring them into operation within two months. The Changunarayan substation in Bhaktapur has been completed. The Chobhar substation is expected to be operational by June, while the Thimi substation in Bhaktapur will be completed within eight months.

Each substation has a capacity of 90 MVA. Once all are completed and operational, the infrastructure will be capable of handling 500 MW of electricity, meeting the Kathmandu Valley’s current demand. To address future demand, the NEA has set a 2050 deadline and is advancing plans for phased construction of transmission and distribution infrastructure in key areas of the valley. With peak electricity demand projected to reach 3,100 MW by 2050, the NEA is developing 20 new substations at 220, 132, 33, and 11 kV levels.

Land has been acquired for these substations, and preliminary work, including surveying, has been completed to construct a 220 kV transmission ring around Kathmandu Valley’s perimeter. The Lapsiphedi substation, currently under construction, will supply electricity to the valley from hydropower projects in the Tamakoshi and Sunkoshi river basins.

To improve the reliability, quality, and modernization of Kathmandu Valley’s electricity supply, the NEA is implementing various projects, including the construction of new substations, automation of existing ones, underground cabling, and the addition and strengthening of feeders and transformers.

NEA Managing Director Kulman Ghising inspected the substations under construction on Friday, urging their timely completion to meet growing electricity demand. He emphasized that once these substations are operational, electricity demand management and supply in Kathmandu will become significantly more efficient and reliable.

To enhance electricity supply in the southeastern region of Kathmandu, the construction of a 132/11 kV substation in Mulpani, Kageshwori Manohara Municipality, is in its final stage. The Chapali-Bhaktapur 132 kV transmission line will be connected to the Mulpani substation, ensuring electricity distribution. Eight 11 kV feeders from the substation will supply power to areas such as Jadibuti, Pepsicola, Kandaghari, Gothatar, Mulpani, Jorpati, Sankhu, and Thimi. Work is underway to make the substation operational by March.

The construction of a 132/11 kV substation in Futung is also in its final stages. The Balaju-Chapali 132 kV double circuit transmission line will be tapped at the Futung substation to supply electricity to the surrounding areas. Once operational, power supply to Balaju, Nepaltar, Goldhunga, and other areas will improve.

A 132/11 kV substation has also been constructed in Chobhar, Kathmandu, following disruptions in construction at Khokana, Bungmati, Harisiddhi, and Lamatar under the Thankot-Chapagaun-Bhaktapur 132 kV transmission line, a crucial project for improving Kathmandu Valley’s electricity supply. The substation will receive electricity from the Matatirtha Substation, with work progressing to make it operational by June.

Additionally, a 132 kV underground transmission line will be built from the Chobhar Substation along the Ring Road to connect with the Lagankhel Substation in Lalitpur, which is being upgraded to 132 kV. The underground line will later extend to Chapagaun and Harisiddhi.