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

Precious Metals Sparkle: Gold and Silver Prices Advance in Nepalese Market

Gold surged by NPR 600 per tola to reach NPR 2,87,300, while silver climbed by NPR 50 to trade at NPR 4,690 at the start of the week's trading session.

Published By Share Gyan
Precious Metals Sparkle: Gold and Silver Prices Advance in Nepalese Market

The domestic bullion market in Nepal witnessed a positive upward trend on Sunday, Ashar 7, as both gold and silver registered notable price gains. According to the daily rates released by the Federation of Nepal Gold and Silver Dealers' Association, fine gold advanced by NPR 600 per tola, pushing its market value to NPR 2,87,300 from Friday's closing rate of NPR 2,86,700. In tandem with the yellow metal, silver prices also moved upward by NPR 50 per tola. Consequently, the white metal is currently being traded at NPR 4,690 per tola, compared to the NPR 4,640 recorded at the close of Friday's session.

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.