Consignments enter Nepal via Rasuwagadhi border point
Following the recent high-level visit of the Chinese officials to Nepal, the shipments from China began entering Nepal via the Rasuwagadhi border point. China had earlier closed the border point, reasoning spread of coronavirus infection in Keyrong region. With the resumption of imports, people’s movement gained pace. In the three days, 56 Chinese containers entered Rasuwagadhi, Nepal, according to border security. Twenty-one Chinese containers entered Nepal every day in the last three days. It has resulted in higher mobility of vehicles and short-term jobs for more people. In the past, Chinese customs sent only 14 containers a day. The police informed that among the goods being imported by Nepali businesspersons in the wake of the coming Dashain festival, two containers have walnut, and 46 have readymade garments. Similarly, seven containers brought the construction materials for hydropower projects being built in Nepal, the customs employees said. Chief District Officer Nabaraj Jaishi said all containers have been sent to Kathmandu via Syafru, Mailung as the Pasang Lhamu Highway was obstructed. Businessperson Dharma Poudel said they thanked Foreign Minister Dr Narayan Khadka for facilitating the import of stuck consignments via the diplomatic channel in view of traders’ plight in the face of the Dashain festival.
Gold price increases by Rs 800 per tola on Sunday
The price of gold has increased by Rs 800 per tola in the domestic market on Sunday. According to the Federation of Nepal Gold and Silver Dealers' Association, the precious yellow metal is being traded at Rs 91, 800 per tola today. It was traded at Rs 91, 000 on Friday. Meanwhile, tejabi gold is being traded at Rs 91, 300 per tola. Similarly, the price of silver is being traded at Rs 1, 185 per tola today.
Nepse plunges by 14. 10 points on Friday
The Nepal Stock Exchange (NEPSE) plunged by 14. 10 points to close at 1,910.38 points on Friday. Similarly, the sensitive index dropped by 2. 23 points to close at 371. 90 points. A total of 2,916,271 unit shares of 220 companies were traded for Rs 90 billion. Meanwhile, Nabil Balanced Fund-2 was the top gainer today with its price surging by 7. 87 percent. Likewise, Mirmire Microfinance Development Bank Limited was the top loser with its price dropped by 5. 59 percent. At the end of the day, the total market capitalization stood at Rs 2. 74 trillion.
Gold price drops by Rs 1, 000 per tola on Friday
The price of gold has dropped by Rs 1, 000 per tola in the domestic market on Friday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 91, 500 per tola today. It was traded at Rs 92, 500 per tola on Thursday. Meanwhile, tejabi gold is being traded at Rs 91, 000 per tola today. Similarly, the price of silver is being traded at Rs 1, 170 per tola.