Tag: also

  • “Gold Sets New Record at Rs. 1,13,600 per Tola in Nepal, Silver Price Also on the Rise”

    “Gold Sets New Record at Rs. 1,13,600 per Tola in Nepal, Silver Price Also on the Rise”


    Gold has reached a new record high in Nepal, with the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reporting that it is being traded at Rs. 1 lakh 13 thousand 600 per tola. This represents an increase of Rs. 500 compared to the previous day’s price. Just a day before, on Jestha 19, the price of gold had already reached an all-time high of Rs. 1 lakh 13 thousand 300 per tola.

    On the day before, the price of gold had risen by Rs. 600 to reach Rs. 1 lakh 13 thousand 100. The upward trend in gold prices has been remarkable in recent days, leading to these consecutive record highs.

    As for silver, its price also saw an increase on Thursday, reaching Rs. 1495 per tola, which is Rs. 5 more than the previous day’s price of Rs. 1,490 per tola.

    In the international market, the price of gold has been trading at $1979.82 per ounce on Thursday, after remaining steady at $1974.44 an ounce on Wednesday. Similarly, silver was priced at $24.99 per ounce on Wednesday and experienced a slight rise to $25.1 on Thursday.

    The surging prices of gold and silver in both the local and international markets have drawn attention from investors and traders, indicating a trend of increasing precious metal prices in the current economic scenario.

  • Gold Price Surges by Rs. 800 per Tola in the Domestic Market; Silver Also Rises by Rs. 40 per Tola

    Gold Price Surges by Rs. 800 per Tola in the Domestic Market; Silver Also Rises by Rs. 40 per Tola


    Today, the price of gold has experienced an increase of Rs. 800 per tola in the domestic market. As reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 112,400 per tola, whereas yesterday it was maintained at Rs. 111,600 per tola. Tejabi gold, on the other hand, is being traded at Rs. 111,850 today, compared to yesterday’s rate of Rs. 111,050 per tola.

    In addition, the price of silver has also seen a rise of Rs. 40 per tola. The shiny white metal is currently being traded at Rs. 1,440 per tola in the local market, whereas the closing rate yesterday stood at Rs. 1,400 per tola.

    It is worth noting that in the international market, the current price of gold stands at USD $1,956.10 per ounce, while silver is being traded at $24.17 per ounce.

  • Gold Price in Nepal Drops by Rs. 900 per Tola, Silver also Declines by Rs. 25 per Tola

    Gold Price in Nepal Drops by Rs. 900 per Tola, Silver also Declines by Rs. 25 per Tola


    Today, the price of gold has experienced a decline of Rs. 900 per tola in the domestic market. As reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current trading rate for fine gold stands at Rs. 111,800 per tola, compared to yesterday’s rate of Rs. 112,700 per tola. Similarly, Tejabi gold is being traded at Rs. 111,250 today, down from the previous rate of Rs. 112,150 per tola.

    In addition, the price of silver has also witnessed a decrease of Rs. 25 per tola. The lustrous white metal is currently being traded at Rs. 1,425 per tola in the local market, whereas yesterday’s closing rate was Rs. 1,450 per tola.

    It’s worth noting that the international market is reflecting a gold price of USD $1,946.80 per ounce, while silver is being traded at $23.77 per ounce.

    These fluctuations in gold and silver prices reflect the dynamic nature of the market and can be influenced by various factors such as global economic conditions, demand and supply dynamics, geopolitical events, and investor sentiment. Investors and individuals involved in the precious metals market closely monitor these price changes to make informed decisions regarding buying or selling gold and silver.

  • Gold Prices Drop by Rs. 1700 per Tola, Silver Also Declines by Rs. 20 per Tola

    Gold Prices Drop by Rs. 1700 per Tola, Silver Also Declines by Rs. 20 per Tola


    Gold prices experienced a decline today, losing Rs. 1700 per tola. According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current trading price for fine gold stands at Rs. 111,600 per tola, whereas it was maintained at Rs. 113,300 per tola the previous day. Similarly, Tejabi gold is being traded at Rs. 112,750 today, compared to the rate of Rs. 110,450 per tola on the previous day.

    In addition to the drop in gold prices, the price of silver also decreased by Rs. 20 per tola. The current trading rate for silver in the local market is Rs. 1,415 per tola, whereas it closed at Rs. 1,435 per tola the previous day.

    As for the international market, the current price of gold is recorded at USD $1,947.50 per ounce, while silver is being traded at $23.59 per ounce.

    These fluctuations in the prices of gold and silver reflect the dynamic nature of the precious metals market. Factors such as global market trends, economic conditions, and investor sentiment contribute to the rise and fall of prices. Investors and traders closely monitor these changes to make informed decisions regarding their investments in gold and silver.

  • NMB Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 FY 2079/80

    NMB Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 FY 2079/80


    NMB Laghubitta Bittiya Sanstha Limited (NMBMF) has released its third-quarter report for the fiscal year 2079/80, revealing a significant decline in net profit. The company’s net profit stood at Rs. 1.15 crores, representing a decrease of 89.80% compared to the same quarter of the previous fiscal year.

    Personnel expenses reported by the company for the first three quarters of the current fiscal year witnessed a slight increase of 5%, totaling Rs. 17.14 crores. Meanwhile, the operating profit experienced a substantial decline of 90% and reached Rs. 1.61 crores during the same period. The net interest income, which represents the core revenue of the microfinance institution, also decreased to Rs. 25.96 crores, reflecting a decline of 25.85% compared to the corresponding quarter of FY 078/79.

    However, concerning financial performance, NMBMF faced challenges as the non-performing loan (NPL) ratio more than doubled, reaching 8.97%. This increase indicates a higher proportion of loans in default or showing signs of financial distress.

    In terms of earnings per share (EPS), the company reported a slump to Rs. 2.34, while the net worth per share stood at Rs. 164.73 for NMBMF.

    At the end of the third quarter of the current fiscal year, the quarter-end price of NMBMF’s shares was Rs. 525.