Today, the price of gold in the domestic market has dropped by Rs. 500 per tola. Fine gold is now being traded at Rs. 112,300 per tola, compared to yesterday’s rate of Rs. 112,800 per tola. Tejabi gold is also lower today at Rs. 111,750 per tola, while yesterday it was Rs. 112,250 per tola.
The NEPSE index experienced a decline of 4.73 points, closing at 2,072.24 today, resulting in a loss of 0.23% compared to the previous trading day. Yesterday, the index had a decrease of 0.80 points. Starting at 2,078.25, the index reached a high of 2,084.92 during the day but also dropped to a low of 2,064.52 before settling at 2,072.24 at the end of trading. There were a total of 283 scrips traded through 54,943 transactions, with a total turnover of 7,988,986 shares worth Rs. 2.85 Arba. The turnover amount was lower than the previous trading day’s turnover of Rs. 3.79 Arba.
Over the past 90 days, the stock price of Shivam Cements Limited (SHIVM) has experienced a remarkable surge. The company’s shares have soared by an impressive 57.11%, indicating a strong boost in investor confidence and signaling positive prospects for the cement industry. Starting at Rs. 394 on April 10, 2023, the closing price of Shivam Cements Limited has steadily risen to Rs. 619 as of July 10, 2023. This substantial increase of Rs. 225 reflects the remarkable growth and value appreciation the company has achieved in a relatively short time.
Gold has once again broken its all-time high record by increasing Rs. 800 from yesterday’s price. 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. 113,300 per tola, compared to yesterday’s rate of Rs. 112,500 per tola. Similarly, Tejabi gold is being traded at Rs. 112,750 today, while yesterday’s rate was maintained at Rs. 111,950 per tola.
Yesterday, the price of gold reached an unprecedented high, with tejabi gold priced at Rs. 111,950 per tola and fine gold at Rs. 112,500 per tola. Alongside this, silver has also witnessed an increase of Rs. 25 per tola. Currently, silver is being traded in the local market at Rs. 1,435 per tola, compared to yesterday’s closing rate of Rs. 1,410 per tola.
The price of gold in the local market has reached a new all-time high, increasing by Rs. 500 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 112,500 per tola, while Tejabi gold is being traded at Rs. 111,950 per tola. Yesterday, the rates were maintained at Rs. 112,000 and Rs. 111,450 per tola, respectively.
Just the day before, gold prices had already reached an all-time high in Nepal, with fine gold priced at Rs. 112,000 per tola and Tejabi gold priced at Rs. 111,450 per tola. The continuous rise in gold prices has prompted discussions on the reasons behind the significant increase of Rs. 3,900 per tola in just two days in Nepal.
In addition to gold, the price of silver has also experienced an increase of Rs. 15 per tola. Currently, silver is being traded at Rs. 1,410 per tola in the local market, compared to the previous day’s closing rate of Rs. 1,395 per tola.
The NEPSE index experienced a decline today, closing at 1,849.79, which marked a decrease of 38.83 points compared to the previous trading day. This equated to a loss of 2.06% in the index value. Over the course of the week, the index has witnessed a decrease of approximately 109.37 points since Sunday.
During the week, the Finance Minister, Dr. Prakash Sharan Mahat, presented the budget for the upcoming financial year, which included several new tax reforms. However, the introduction of these reforms caused some confusion and misinterpretation regarding the restructuring of the existing taxation system in the share market. As a result, panic selling occurred, leading to a decline in the market. Within just two days (Sunday and Tuesday), the market plummeted by 91.99 points.
One of the concerns raised by investors pertained to the treatment of losses incurred during stock market transactions. In response, the Director General of the Inland Revenue Department (IRD), Dirgha Raj Mainali, addressed this issue by announcing a new provision. This provision allows investors to carry forward losses for up to seven years and offers additional tax rebates after adjusting profit or loss for taxpayers. This measure is seen as a positive step to alleviate market concerns and promote investor confidence.
The new tax provisions announced by the Finance Minister include bringing FPO premiums and gains from mergers and acquisitions under the scope of taxation. However, certain sectors such as banking and financial institutions, hydro companies, and insurance companies have consistently maintained their position that such gains should be treated as investments rather than taxable profits.
The market’s decline can be attributed to the uncertainties and apprehensions arising from the new tax reforms. It is important for investors to understand and interpret the provisions accurately to avoid any unnecessary panic selling or volatility in the market. The IRD’s efforts to address investor concerns and provide favorable provisions, such as carrying forward losses and tax rebates, aim to mitigate the impact of the reforms and maintain stability in the market.
On Thursday, the price of gold experienced a decrease of Rs. 300, according to the Federation of Nepal Gold and Silver Dealers’ Association. Fine gold is currently being traded at Rs. 1,09,700, marking a decrease from its previous price.
Similarly, tejabi gold is now priced at Rs. 1,09,200 per tola on Thursday, down from Rs. 1,09,500 per tola on Wednesday.
In contrast, the price of silver has remained unchanged at Rs. 1,370 per tola for both Wednesday and Thursday.
Comparing Tuesday’s prices, the price of gold has seen a decline of Rs. 1400 per tola. The drop was particularly significant on Wednesday when the price plummeted by Rs. 1100 per tola.
Overall, the price of gold, represented by the yellow bullion, has experienced a downward trend with a decrease of Rs. 300 on Thursday. This follows a recent decline in prices, reflecting fluctuations in the precious metals market.
The Nepal Stock Exchange (NEPSE) index gained 12.73 points today, closing at 1,869.73, which is a 0.69% increase from the last trading day. The index had a low of 1,846.67 and a high of 1,875.26 during the day, opening at 1,856.97. The trading volume was 276 scrips traded via 20,655 transactions, with a total of 2,533,714 shares exchanged, amounting to Rs. 73.26 Crores in turnover, higher than the previous day’s turnover of Rs. 62.02 Crores.
NABIL Bank Limited Promotor Share (NABILP) was the most traded stock and had the highest turnover of Rs. 4.5 crores, closing at a market price of Rs. 474 per share. NIBL Growth Fund (NIBLGF) gained the highest 9.86% for the day, while NMB Debenture 8.50% – 2087/88 (NMBD87/88) lost the highest 5.85%.
All sector indices closed in the green, with “Non-Life Insurance” gaining the highest 1.55%, and “Investment” gaining the least 0.32% today.
The central bank of Nepal, Nepal Rastra Bank, has recently unveiled the annual bank holiday schedule for the period of 2080 BS, which spans from April 14, 2023 to April 12, 2024. This comes in response to the government’s decision to permit essential service-providing institutions, such as banks, to operate on specific public holidays as declared by the government. The notice from NRB outlines the bank holidays during which Nepalese banks will remain closed, while also indicating that partial banking services, including cash transactions, will be available on certain dates marked with an asterisk (*). This information is aimed at providing clarity to the public and businesses regarding the operational status of banks during the designated holidays.
| No. | List of Holidays | Date |
| 1 | New Year | April 14, 2023 |
| 2 | Labour Day | May 1, 2023 |
| 3 | Buddha Jayanti/Ubhauli/Chandi Purnima* | May 5, 2023 |
| 4 | Republic Day* | May 29, 2023 |
| 5 | Gaura Parva (Only for the region or culture celebrating the festival) | August 24, 2023 |
| 6 | Raksha Bandhan/Gai Jatra* | August 31, 2023 |
| 7 | Krishna Janmashtami* | September 6, 2023 |
| 8 | Tij (Only for women) | September 18, 2023 |
| 9 | Constitution Day | September 20, 2023 |
| 10 | Indra Jatra* (Only in the Kathmandu valley) | September 28, 2023 |
| 11 | Jitiya Parva (Only for women celebrating the festival) | October 7, 2023 |
| 12 | Ghatasthapana* | October 15, 2023 |
| 13 | Dashain (Phulpati-Dwadashi) | October 21-26, 2023 |
| 14 | Phalgunanda Jayanti (Only for the followers of Kirat religion) | November 11, 2023 |
| 15 | Tihar | November 12-16, 2023 |
| 16 | Chhath | November 19, 2023 |
| 17 | Guru Nanak Jayanti (Only for the Sikhs) | November 27, 2023 |
| 18 | International Disability Day (Only for the staff with disabilities) | December 3, 2023 |
| 19 | Christmas* | December 25, 2023 |
| 20 | Udhauli/Yomari Punhi/Jyapu Diwas* | December 26, 2023 |
| 21 | Tamu Lhosar* | December 31, 2023 |
| 22 | Prithvi Jayanti/National Unity Day* | January 12, 2024 |
| 23 | Maghi/Maghe Sankranti* | January 15, 2024 |
| 24 | Sonam Lhosar* | February 10, 2024 |
| 25 | People’s War Day* | February 13, 2024 |
| 26 | Democracy Day* | February 19, 2024 |
| 27 | Mahashivaratri/Women’s Day* | March 8, 2024 |
| 28 | Gyalpo Lhosar* | March 11, 2024 |
| 29 | Phagu Purnima | March 24, 2024 (Hilly and mountainous districts) March 25, 2024 (Plain districts) |
| 30 | Ghodejatra* (Only in the Kathmandu valley) | April 8, 2024 |
| 31 | Machhindranath Bhoto Jatra* (Only in the Kathmandu valley) | Date to be announced by the government |
| 32 | Eid al-Fitr* | Date to be announced by the government |
| 33 | Bakra Eid/Eid al-Adha* | Date to be announced by the government |
| 34 | Siruwa Pawani (Only in Jhapa, Morang, Sunsari, Siraha and Saptari) | Date to be announced by the government |
| 35 | Mohammad Jayanti (Only for the Muslims) | Date to be announced by the government |
The Securities Board of Nepal (SEBON) has issued a notice to eligible institutions requiring them to apply for a Commodities Exchange Market Operation license and a Stock Exchange Operation license within 10 days.
To provide investors with market access, enable commodity price innovation, and provide investors with alternative investment instruments to preserve price stability, a commodities exchange market that is investor-friendly, competitive, worldwide in scope, and competent is required.
In order to run the commodities exchange market under the rules, guidelines, and other applicable regulations, those who seek to form a limited liability company in compliance with the prevailing legislation must first get board permission.
The Nepal Insurance Authority has licensed two more microinsurance businesses.
At its meeting on Tuesday, the authority’s board of directors voted to provide licenses to two more micro insurance companies. The authorities have given licenses to Protective Micro Insurance Ltd Nepal and Crest Micro Life Insurance Ltd.
The NEPSE index closed at 1,963.55 today, up 92.22 points from the previous trading day’s close. This represents a 4.93% increase. Yesterday, the index rose 27.31 points. In the last three days, the index has gained approximately 125.07 points.
Today’s opening price for the index is 1,871.46, which is also the intraday low. In contrast, it reached a high of 1,963.89 before closing at 1,963.55.