Gold price increases by Rs 200 per tola on Tuesday
The price of gold has increased by Rs 200 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 95, 600 per tola today.
Meanwhile, tejabi gold is being traded at Rs 95, 100 per tola.
The yellow bullion was traded at Rs 95, 400 per tola on Friday.
Similarly, the price of silver is being traded at Rs 1,220 per tola today.
Nepse surges by 1.15 points on Monday
The Nepal Stock Exchange (NEPSE) gained 1. 15 points to close at 2,196.25 points on Monday.
Similarly, the sensitive index surged by 1. 94 points to close at 421. 14 points.
A total of 10,518,712 unit shares of 217 companies were traded for Rs 4. 67 billion.
In today’s market, five sub-indices saw green. Manu and Pro topped the chart with 109. 18 points.
Meanwhile, Butwal Power Company Limited was the top gainer today, with its price surging by 6. 95 percent. Swabhimaan Laghubitta Bittiya Sanstha Limited was the top loser as its price fell by 5. 21 percent.
At the end of the day, total market capitalization stood at Rs 3. 13 trillion.
Gold price drops by Rs 400 per tola on Monday
The price of gold has dropped by Rs 400 per tola in the domestic market on Monday.
According to the Federation of Nepal Gold and Silver Dealers' Association, the yellow bullion is being traded at Rs 95, 400 per tola today.
Meanwhile, tejabi gold is being traded at Rs 94, 000 per tola.
The yellow metal was traded at Rs 95, 800 per tola on Sunday.
Similarly, the price of silver has decreased by Rs 10 and is being traded at Rs 1,220 per tola today.
Urja Developers to invest in Myagdi Khola Hydropower Project
The Urja Developers signed a share purchase agreement with the Hydro Village Private Limited (HVPL) for the development and operation of the 57.3 MW Myagdi Khola Hydropower Project (MKHPP).
Chairperson of Urja Developers Bijay Bahadur Rajbhandary and Chairperson of Hydro Village Capt. Rameshwar Thapa signed the agreement at a ceremony in the capital on Sunday, read a statement issued today.
Bhanu Pokharel, Managing Director of Urja Developers, said the agreement with Hydro Village was part of their endeavor towards serving domestic and regional needs for clean energy. "It's definitely a matter of honor to be working together with one of the leading organizations in the clean energy sector," Sushil Pokharel, Managing Director of the HPVL said. He further added, "With this new collaboration, we hope to accelerate our pace and hope to establish Myagdi Khola as an outstanding project."
Earlier, the government-owned Hydroelectricity Investment and Development Company Ltd (HIDCL) invested equity in MKHPP. The project is estimated to cost around US$100 million. The project will have an annual average production of 335 GWh. Following this agreement, HIDCL, Ujra Developers, Simrik Ventures, BizBell and a Singapore-based firm Aqua Venture will have the joint ownership of the project.
HVPL was established in 2015 and has been actively advocating for an investment-friendly climate to unleash hydropower potential of Nepal. Incorporated in 2016, Urja Developers is one of the leading brands in the clean energy sector and has been providing holistic solutions for the implementation of hydropower and Renewable Projects projects.
The Myagdi Khola hydropower project is located in Jeltingubagad Dhaulagiri Rural Municipality of Myagdi district, in Gandaki province. Electricity generated from the project will be evacuated through a NEA’s substation at Dandakhet, 17 kilometers away from the powerhouse of the project.
