The price of fine gold in Nepal has dropped by Rs. 1,200 per tola according to the latest update from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Today’s trading rate for fine gold stands at Rs. 1,16,500 per tola, down from yesterday’s closing rate of Rs. 1,17,700 per tola. Similarly, Tejabi gold is now priced at Rs. 1,15,950 per tola, showing a decrease of Rs. 1,200 compared to yesterday’s closing price of Rs. 1,17,150 per tola.
The Nepal Stock Exchange (NEPSE) Index experienced a loss of 30.56 points, equivalent to 1.45%, closing at 2,070.59 points, following a previous day’s gain of 15.33 points. The market opened at 2,101.56, hitting a low of 2,064.84 and reaching a high of 2,101.55 during the day.
In today’s trading, 305 different stocks were traded in 82,899 transactions, with a total volume of 12,165,202 shares and a turnover of Rs. 4.66 Arba. The market capitalization was Rs. 32.54 Kharba, and the float market capitalization was Rs. 11.16 Kharba.
In its latest second-quarter report for the fiscal year 2080/2081, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) reported a significant 32.87% decrease in net profit. The net profit for this quarter fell to Rs. 17.76 crore, down from Rs. 26.47 crore in the same period last year.
Despite the decline in net profit, the company saw a slight 0.10% increase in deposits, reaching Rs. 10.04 Arba. However, there was a 7.61% decrease in loans and advances, which amounted to Rs. 24.53 Arba in this quarter.
The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) has reported a recent decrease in the cost of fine gold and silver. According to the latest update, the trading price for fine gold is now Rs. 1,18,000 per tola, marking a reduction of Rs. 500 from the closing rate on Monday, which was Rs. 1,18,500 per tola.
Similarly, Tejabi gold is currently priced at Rs. 1,17,450 per tola, indicating a decrease of Rs. 500 compared to Monday’s closing price of Rs. 1,17,950 per tola. This decline in prices suggests a notable shift in the precious metal market within a short timeframe.
Furthermore, the price of silver has also seen a reduction of Rs. 15 per tola, with the current market rate standing at Rs. 1,375 per tola. This contrasts with the closing rate on Monday, which was Rs. 1,390 per tola. The adjustments in both gold and silver prices highlight the dynamic nature of the market, influenced by various factors impacting precious metal valuations.
The price of fine gold has dropped by Rs. 600 per tola, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Currently, fine gold is traded at Rs. 1,18,900 per tola, down from the Saturday closing price of Rs. 1,19,500 per tola.
Similarly, Tejabi gold is available at Rs. 1,18,350 per tola today, reflecting a decrease of Rs. 600 compared to the Saturday closing price of Rs. 1,18,950 per tola.
Machhapuchchhre Bank Limited (MBL) has recently unveiled its financial performance for the second quarter of the fiscal year 2080/81, providing insights into key metrics. In this quarter, MBL witnessed a notable 21.45% decline in net profit, falling from Rs. 1.02 Arba in Q2 FY 2079/80 to Rs. 80.53 Crores in Q2 FY 2080/81.
The bank faced a 1.10% reduction in customer deposits, reaching Rs. 1.52 Kharba. However, loans and advances to customers experienced growth, rising by 2.99% to Rs. 1.29 Kharba compared to the previous year. The Net Interest Income, a critical indicator of core business income, decreased by 5.56% to Rs. 2.63 Arba. Encouragingly, impairment charges witnessed a decline of 21.57%.
MBL’s paid-up capital stands at Rs. 11.62 Arba, complemented by Rs. 5.44 Arba in reserves and surplus. Nonetheless, Non-Performing Loans (NPL) increased to 2.26%, marking an 85.82% surge from the same quarter in the previous year.
On a per-share basis, the annualized earnings per share (EPS) amounted to Rs. 13.86, and the Net worth per share was Rs. 144.97. The company traded at a Price/Earnings (P/E) multiple of 14.65 times. The rise in NPL is highlighted as an area requiring ongoing attention.
For detailed figures and comparisons, refer to the complete Q2 report provided in the disclosure.
Gold has experienced a consistent decline in value for the past four consecutive trading days. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for pure gold stands at Rs. 1,18,300 per tola. This marks a reduction of Rs. 200 compared to the previous day’s trading value of Rs. 1,18,500 per tola.
Similarly, Tejabi gold is currently priced at Rs. 1,17,750 per tola, indicating a decrease of Rs. 200 from the previous day’s rate of Rs. 1,17,950 per tola.
Today witnessed a drop in the value of fine gold, with a decrease of Rs. 1,300 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for fine gold is Rs. 1,19,500 per tola. This marks a decline of Rs. 1,300 from the previous day’s trading price, which stood at Rs. 1,20,800 per tola.
Similarly, Tejabi gold is now available at Rs. 1,18,950 per tola, indicating a decrease of Rs. 1,250 from the Wednesday price of Rs. 1,20,200 per tola. In addition to gold, silver has also seen a reduction in value, with the current market rate at Rs. 1,420 per tola. This compares to the closing rate of Rs. 1,450 per tola recorded the day before.
NIFRA rised sharply at first and then dropped a little, which seemed like the prices were stabilizing or something like that. but now it has fallen way below the price of other similar shares. What may have caused this?
View on r/NepalStock by tessell8r
The price of gold saw a decrease of Rs. 800 per tola (fine gold) compared to Tuesday’s trading. Today, fine gold is valued at Rs. 1,11,200 per tola, while tejabi gold is priced at Rs. 110,650. In contrast, on Tuesday, fine gold was at Rs. 1,12,000 per tola, and tejabi gold was at Rs. 1,11,450.
Similarly, the price of silver also dropped by 15 rupees, bringing today’s rate to Rs. 1,390 per tola. In comparison, Tuesday had a silver price of Rs. 1,405 per tola.
Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) has released its fourth-quarter report for the recently concluded financial year 2079-80. The report shows a significant drop of 64.01 percent in its Net profits compared to the same period in the previous fiscal year 2078-79. In specific numbers, the company earned only Rs. 4.62 crores, a notable decline from Rs. 12.84 crores.
The company has experienced losses in two key areas: Net Interest Income and Operating Profits. Net Interest Income saw a decrease of 13.48 percent, while Operating Profits plummeted by 64.04 percent. Throughout the entire financial year 2079-80, the company generated a core business revenue of Rs. 25.50 crores and managed to accumulate Rs. 6.60 crores in Operating profits.
The Federation of Nepal Gold and Silver Dealers’ Association has announced a decline of Rs 700 per tola in the local gold price. This drop was observed on the same day while finalizing today’s price list.
As of now, the value of fine gold remains steady at Rs. 111,300 per tola, while tejabi gold is being sold at Rs. 110,750 per tola. In comparison, just yesterday (Wednesday), the price of fine gold was Rs. 112,000 per tola, and tejabi gold was priced at Rs. 111,450.
This update highlights the recent decrease in gold prices within the Nepalese market.