Skip to content
|Loading...
Share Gyan home
EBook

Bullion Alert: Gold Gains Rs. 300; Silver Drops to Rs. 4,990

Gold prices in the Nepalese market witnessed a minor increase on Tuesday, while silver prices took a downward turn. According to the Federation of Nepal Gold and Silver Dealers' Association, gold climbed by Rs. 300 per tola, whereas silver slipped by Rs. 25 per tola.

Published By Share Gyan
Bullion Alert: Gold Gains Rs. 300; Silver Drops to Rs. 4,990

The domestic precious metals market observed mixed trends on Tuesday, with gold charting a minor gain and silver experiencing a decline. As per the updates released by the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the price of fine gold increased by Rs. 300 per tola, bringing the trading rate to Rs. 298,500. This follows Monday's closing rate, where the yellow metal was valued at Rs. 298,200 per tola. Conversely, the silver market faced a correction during today's trading session. The price of silver dropped by Rs. 25 per tola, positioning its current market value at Rs. 4,990 per tola. On the preceding day, silver had changed hands at Rs. 5,015 per tola. Domestic market analysts attribute these daily price adjustments directly to the ongoing fluctuations in international bullion benchmarks.

Related News

Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.

Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines

Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.

Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance

Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.

Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters

Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.