In the domestic market today, the price of gold has risen by Rs. 1000.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 106,700 per tola. Yesterday, the rate remained unchanged at Rs. 105,700 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 106,200. In contrast, the rate was kept at Rs. 105,200 per tola yesterday.
Multipurpose Finance Company Limited handled the process of issuing rights shares (MPFL). In an application filed on February 29, the company requested approval from the Securities and Exchange Commission (SEBON) to issue rights shares.
If SEBON grants permission for the said right shares, MPFL will distribute 35 percent of the paid-up capital, or 1:0.35, to shareholders. It states that a total of 15.82 lakh shares will be sold at a nominal price of Rs. 1
For the first eight months of the current fiscal year 2079/80, the government’s budget deficit exceeded Rs. 1.56 Kharba. By the end of Falgun, the government had spent 7.79 Kharba of its budget, but had only collected 6.22 Kharba in total revenue.
Meanwhile, only 22.15% of capital expenditure (CAPEX) is used until the end of Falgun’s fiscal year 2079/80.
The government’s capital expenditure is the money spent on the development of physical assets. In Nepal, the capital budget is funded by balancing domestic revenue after the recurrent budget, grants, and loans have been met. According to the Financial Comptroller General Office, only Rs. 84.25 Arba of the capital budget has been spent out of the targeted budget of Rs. 3.80 Kharba.
The deadline for the sale of 2,96,000 units of promoter share has been extended till Chaitra 6, 2079, according to Kumari Bank Limited (KBL).
KBL’s existing promoters have started auctioning off their 2,96,000 unit promoter stake. The auction began on the 16th of Falgun and was scheduled to end tomorrow, on the 30th of Falgun, 2079. Nevertheless, because the auction organizer received insufficient applications, the sale has been extended until Chaitra 6.
Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 119. The promoters’ shares have a minimum bid quantity of 10,000 units. Although bidders may bid for the full issue, they must follow the Nepal Rastra Bank’s guideline not to bid more than once.
Today’s gold price has risen by Rs. 600 on the domestic market.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading for Rs. 104,100 per tola. Yesterday, the pricing remained unchanged at Rs. 103,500 per tola. Meanwhile, Tejabi gold is currently trading for Rs. 103,600. In contrast, the cost was kept at Rs. 103,000 per tola yesterday.
Silver has gained Rs. 10 per tola on the sidelines. The gleaming white gold is currently trading in the local market for Rs. 1,255 per tola, up from Rs. 1,245 per tola yesterday.
Gold is currently trading at USD $1,877.10 per ounce on the international market, while silver is trading at USD $1.30 per ounce.
Sabaiko Laghubitta held its 6th AGM on Falgun 26, 2079, led by company chair Mr. Narayan Prasad Joshi.
According to the media statement, the AGM decided to approve 18% bonus shares and 0.95% cash dividends to its shareholders, as well as authorize the board to conduct any merger/acquisition work with suitable institutions.
According to the Nepal Rastra Bank, inflation remained at 7.88 percent year on year. During the mentioned period, the gross foreign exchange reserves stood at USD 10.50 billion, while total imports and exports decreased by 19.9 percent and 29 percent, respectively, and the trade deficit decreased by 18.7 percent.
The outstanding concessional loan was Rs.210.96 billion as of mid-February 2023, with 148,295 borrowers. For selected commercial agriculture and livestock businesses, Rs.142.56 billion has been extended to 61,335 borrowers. Similarly, 84,105 women entrepreneurs have received loans totaling Rs.65.19 billion. A total of 2,855 borrowers have received concessional loans in other specified sector
In the domestic market today, the price of gold has risen by Rs. 1700.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 103,500 per tola. Yesterday, the rate remained unchanged at Rs. 101,800 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 103,000. In contrast, the rate was kept at Rs. 101,300 per tola yesterday.
Today’s gold price has risen by Rs. 800 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 101,800 per tola. Yesterday, the rate remained unchanged at Rs. 101,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 101,300. In contrast, the rate was kept at Rs. 100,500 per tola yesterday.
On the other hand, silver is holding steady at Rs. 1,220
The Nepal Bankers Association (NBA) has decided to lower the interest rate on savings while keeping the interest rate on fixed deposits unchanged.
The meeting was attended by the CEOs and representatives of all commercial banks to review the interest rate beginning on Chaitra 1. Savings interest rates currently range from 6.42 percent to 8.4 percent. It has been decided to keep the rates between 6% and 8%.
The price of gold has decreased by Rs. 500 per tola today.
According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 101,000 per tola. In the last three days, the price of gold has decreased by Rs 1,800 per tola. The price of gold and silver has decreased for the third consecutive day i.e since Tuesday.
Meanwhile, Tejabi gold is being traded at Rs. 100,500 today. In contrast, the rate was maintained yesterday at Rs. 100,000 per tola.
On the sideline, silver has also lost Rs. 5 per tola. The lustrous white metal is being traded in the local market today at Rs. 1,220 per tola, compared to yesterday’s closing rate of Rs. 1,225 per tola.
The ultimate merger procedure has been completed between Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC). On Bhadra 31, 2079, the firms signed a merger agreement.
Similarly, the share exchange ratio between Sana Kisan and RMDC has been determined to be 1:0.87. Investors who now own 100 shares of RMDC Microfinance will get 87 shares of the amalgamated firm.
Similarly, it has been decided to nominate 2-2 persons from each institution’s promoter group, 1-1 person from the general group, and 1 person as an expert director, in accordance with the terms of the Bank and Financial Institutions Act of 2073.