Gold shines to hit record high of Rs 197, 900 per tola
Gold price has set a new record in the domestic market today.
According to the Nepal Gold and Silver Dealers’ Association, the price of precious yellow metal has increased by Rs 6, 900 per tola and is being traded at Rs 197, 900 per tola.
Likewise, the price of silver has increased by Rs 10 and is being traded at Rs 1, 970 per tola.
US stocks and dollar plunge as Trump attacks Fed chair Powell
US stocks and the dollar plunged again as President Donald Trump intensified his attacks on the US central bank boss calling him "a major loser" for not lowering interest rates, BBC reported.
In a social media post, Trump called on Federal Reserve chair Jerome Powell to cut interest rates "pre-emptively" to help boost the economy, saying Powell had been consistently too slow to respond to economic developments.
"There can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW," he wrote.
Trump's criticism of Powell's handling of the US economy comes as his own plans for tariffs have driven a stock market sell-off and raised fears of economic recession, according to BBC.
700 tourists arrive in Sagarmatha region in a single day
The Sagarmatha region has witnessed the footfall of some 700 tourists in a single day.
The Office of the Sagarmatha National Park at Namche informed that it recorded the number of tourists in Khumbu region at 694 on Monday alone.
Ranger at the Office, Bibek Shrestha, said that most of the tourists are foreigners- 608, while the domestic tourists figured 86.
The Sagarmatha climber Temba Chhiri Sherpa informed that with the onset of Spring Season, the region saw the influx of tourists. It is difficult to find good accommodation due to the surge in arrival.
There are increasing air flights to Lukla with the clear weather, according to Amrit Magar, In-Charge of Tara Air at Lukla.
"We have added flights considering the improved weather so that more tourists would visit the district having worlds' highest peak," he said, adding that hotel reservations are high now.
Senior Vice Chairman of the Trekking Agencies' Association of Nepal, Karma Sherma, said the tourism entrepreneurs were happy to see tourists' inflow. The region is bustling after the Covid-19, which had hit the tourism business hard.
More number of tourists there are in the Sagarmatha district, the more jobs there are for locals. Hotels at Lukla and Namche are packed, Sherpa added.
Most of these tourists visit the Sagarmatha National Park to increase the revenue.
The Park's Office informed that a visitor from a SAARC nation is charged Rs 1,500 while Rs 3,000 is taken from each foreigner from other countries as an entry fee in the Park. A Nepali is required to submit Rs 100 entry fee.
Nepse plunges by 4. 04 points on Monday
The Nepal Stock Exchange (NEPSE) plunged by 4. 04 points to close at 2,701.99 points on Monday.
Similarly, the sensitive index dropped by 0. 61 points to close at 455. 96 points.
A total of 21,203,766-unit shares of 319 companies were traded for Rs 8. 77 billion.
Meanwhile, Nepal Micro Insurance Company Limited (NMIC) and Crest Micro Life Insurance Limited (CREST) were the top gainers today with their price surging by 9. 99 percent. Likewise, NMB Hybrid Fund L- II (NMBHF2) was the top loser with its price dropped by 7. 90 percent.
At the end of the day, the total market capitalization stood at Rs 4. 48 trillion.
