Gold price drops by Rs 500 per tola on Thursday
The price of gold has dropped by Rs 500 per tola in the domestic market on Thursday.
According to the Federation of Nepal Gold and Silver Dealers' Association, the yellow bullion is being traded at Rs 96, 600 per tola today.
The yellow metal was traded at Rs 97, 000 per tola on Wednesday.
Meanwhile, tejabi gold is being traded at Rs 96, 100 per tola.
Similarly, the price of silver has dropped by Rs 5 and is being traded at Rs 1,225 per tola today.
Nepse plunges by 5. 91 points on Wednesday
The Nepal Stock Exchange (NEPSE) plunged by 5. 91 points to close at 2,056.88 points on Wednesday.
Similarly, the sensitive index dropped by 1. 68 points to close at 395. 75 points.
A total of 4,640,844 units of the shares of 218 companies were traded for Rs 1. 93 billion.
Meanwhile, Himalayan Hydropower Limited was the top gainer today with its price surging by 9. 97 percent. Likewise, Himalayan Everest Insurance Limited was the top loser with its price dropped by 9. 99 percent.
At the end of the day, the total market capitalization stood at Rs 2. 93 trillion.
Gold price increases by Rs 200 per tola on Wednesday
The price of gold has increased by Rs 200 per tola in the domestic market on Wednesday.
According to the Federation of Nepal Gold and Silver Dealers' Association, the precious yellow metal is being traded at Rs 97, 100 per tola today.
Meanwhile, tejabi gold is being traded at Rs 96, 600 per tola.
Similarly, the price of silver is being traded at Rs 1,230 per tola today.
Elon Musk sells nearly $7 billion in Tesla shares amid Twitter legal battle
Tesla Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock amid a legal showdown with Twitter over a $44 billion takeover deal, Reuters reported.
Musk, the world's richest person, had said in April that there were "no further TSLA sales planned" - after he sold $8.5 billion worth of shares in the company back then.
But legal experts have suggested that if Musk loses his battle against Twitter and is forced to complete the acquisition or pay a stiff penalty, he could conceivably have to sell more Tesla shares.
Musk tore up his April 25 agreement to buy the social media platform and the two sides face a drawn-out legal battle that could still cost Musk billions of dollars. The two sides head to trial on Oct. 17.
In the latest stock sale, Musk sold about 7.92 million shares between Aug.5 and Aug.9, according to multiple filings. He now owns 155.04 million shares in Tesla, according to Reuters.
The latest sales bring total stock sales by Musk to about $32 billion in less than one year.
