Gold and silver prices saw a significant upward trend in the Nepalese market this Sunday. Gold price surged by Rs. 2,700 per tola, while silver increased by Rs. 50 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
A comprehensive overview of Nepal's evolving real estate sector, highlighting a 1:3 transaction ratio in Bagmati and a shift toward mid-sized residential plots.
Nepal Rastra Bank moves to mop up Rs 120 billion in excess liquidity today through a 19-day deposit collection instrument.
Gold and silver prices continue their three-day downward trend, with gold dropping by Rs 2,200 today.
Gold dropped to Rs 298,700 and silver to Rs 5,020 per tola following a significant two-day price slump in the domestic market.
Gas dealers have reverted to selling full 14.2kg cylinders, citing unsustainable transportation costs caused by a massive hike in diesel prices.
Gold prices in Nepal fell by Rs 800 per tola on Wednesday, April 22 (Baishakh 9), while silver saw a decline of Rs 30 per tola. According to the Federation of Nepal Gold and Silver Dealers' Association, gold is now trading at Rs 300,500 per tola.
To manage the excess liquidity in the banking system, Nepal Rastra Bank (NRB) is set to withdraw NPR 40 billion through a deposit collection instrument for a period of 160 days. The central bank is utilizing this tool as loan demand remains sluggish despite high deposit levels.
Gold jumps by Rs 1,600 to reach Rs 301,300, while silver drops to Rs 5,160 today.
Fine gold settles at Rs 299,700 as the domestic market sees a cooling period following recent price surges.
The Federation of Nepalese Transport Entrepreneurs (FNTE) has issued an ultimatum to the government: either implement a "scientific fare adjustment" or withdraw the recent hike in petroleum prices.
Finance Minister Dr. Swarnim Wagle announced that the government is prioritizing digital service delivery and large-scale economic reforms, including the repeal of outdated laws to modernize the economy.