Tag: High

  • Gold Prices Soar to Record Highs in Nepal on March 5, 2024

    Gold Prices Soar to Record Highs in Nepal on March 5, 2024


    The gold market in Nepal saw an extraordinary surge, reaching an unprecedented all-time high on March 5, 2024. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold recorded a remarkable single-day increase of Rs. 2,000, soaring to an extraordinary rate of Rs. 1,23,000 per tola. This surge surpassed the previous record set on December 28, 2023, when fine gold had reached Rs. 1,22,000 per tola.

    Tejabi gold, another highly coveted variety, also witnessed a noteworthy rise, currently valued at Rs. 1,22,400 per tola, up from its previous rate of Rs. 1,20,400.

    In a parallel trend, the price of silver also experienced an increase on the same day, with a gain of 35 rupees, bringing the current silver price to Rs. 1,445 per tola. In comparison, the silver price on the previous Monday was recorded at Rs. 1,410 per tola.

    While the domestic market witnessed an upswing in prices, it’s noteworthy that the international market also plays a significant role. As of the latest update, the current gold rate stands at $2,114.80 per ounce. Internationally, silver is also experiencing positive momentum, with prices reaching $23.67 per ounce.

  • Reliance Spinning Mills ko issue price kina so high?

    Reliance Spinning Mills ko issue price kina so high?


    Networth: Rs 248.67
    Issue Price: Rs 820.80
    Max. Opening Price: Rs. 746.01

    View on r/NepalStock by Serious_Ad9879

  • is there a legal restriction for BFIs with high non-performing loans on dividend distributions?

    is there a legal restriction for BFIs with high non-performing loans on dividend distributions?


    does NRB have a law that says BFIs with NPL above a certain limit cannot distribute dividends? Gurkhas finance le dividend nadeko dherai varaicha and they have a high NPL ~10

    View on r/NepalStock by Substantial-Block407

  • Gold Prices in Nepal Experience a Significant Drop of Rs. 2,400 per Tola

    Gold Prices in Nepal Experience a Significant Drop of Rs. 2,400 per Tola


    The price of gold has witnessed a notable decrease of Rs. 2,400 per tola today, as reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association. The current value of fine gold is recorded at Rs. 1,19,200 per tola, representing a decline from its previous day’s stable position at Rs. 1,21,600 per tola. Similarly, Tejabi gold is being traded at Rs. 1,18,650 today, reflecting a decrease of Rs. 2,350 per tola from its yesterday’s rate of Rs. 1,21,000 per tola.

    In contrast to the recent decrease, just a day before, on December 4, 2023, fine gold had achieved a historic high of Rs. 1,21,600 per tola, and Tejabi gold had surged to Rs. 1,21,000, setting a record at that time.

    Additionally, silver has also seen a decline of Rs. 45 per tola, with the current market rate standing at Rs. 1,500 per tola, compared to its closing rate of Rs. 1,545 per tola the day before.

    The global decline in gold prices, currently at $2,031.90 per ounce, has had a significant impact on the domestic bullion market. Simultaneously, silver is being traded at $24.50 per ounce on the international market.

  • US Dollar Reaches Record High Against Nepali Rupee, Impacting Imports and State Loans

    US Dollar Reaches Record High Against Nepali Rupee, Impacting Imports and State Loans


    The US dollar has recently attained its highest value against the Nepali rupee, reaching a new record of Rs. 133.68 last Wednesday and continuing to rise. The latest statistics from Nepal Rastra Bank on this Sunday indicate a slight increase, with the current rate standing at Rs. 133.70, marking a 2-paisa uptick from the previous record. In practical terms, this means that 1 US dollar now requires 133 rupees and 70 paisa for exchange.

    The depreciation of the Indian rupee in comparison to the US dollar has played a role in the weakening of the Nepali rupee. Given that Nepal maintains a fixed exchange rate with India, any fluctuations in the Indian currency have a direct impact on the Nepalese rupee.

    The surge in the dollar’s value carries consequences, particularly making imports more expensive. As transactions for imports are conducted in dollars, a stronger dollar translates to higher expenditure. Furthermore, the appreciation of the dollar is expected to increase the burden of state loans from foreign donor agencies.

    While a robust dollar may have advantages for sectors such as tourism, exporters, and remittance recipients, experts argue that the disadvantages are more significant due to the substantial share of imports in the Nepali economy.

  • Gold Prices in Nepalese Market Reach All-Time High, Silver Takes a Dip

    Gold Prices in Nepalese Market Reach All-Time High, Silver Takes a Dip


    The local gold market has recently reached an all-time high, experiencing a substantial surge of Rs. 500 per tola. Official data from the Federation of Nepal Gold and Silver Dealers’ Association reveals that fine gold is now being traded at an unprecedented rate of Rs. 113,700 per tola. This marks a significant increase from the previous day when the same amount of fine gold was priced at Rs. 113,200 per tola. Tejabi gold, another variety, has also seen a notable rise in its price and is currently trading at Rs. 113,150 per tola, up from the previous rate of Rs. 112,650 per tola.

    This surge in gold prices in the Nepalese market brings to mind the last time such record-breaking prices were witnessed, which was on July 20. On that day, fine gold was valued at Rs. 113,600 per tola, and Tejabi gold was priced at Rs. 113,050 per tola.

    In contrast, the silver market has experienced a slight decrease, with the price of silver declining by Rs. 15 per tola. Currently, silver is trading at Rs. 1,395 per tola, compared to the previous day’s closing rate of Rs. 1,410 per tola.

    It’s worth noting that these notable price fluctuations in the local market align with global trends. Currently, the global price for gold stands at USD $1,946.80 per ounce, while silver is being traded at $22.90 per ounce. These changes reflect both local and international dynamics in the precious metals market.

  • Why is the price of Narayani development bank(NABBC) so high.

    Why is the price of Narayani development bank(NABBC) so high.


    NABBC with book value of 52.10 is trading at price to book value ratio of 6.81 and it has been in loss ever since while other development bank with good eps are trading at 2-3 times book value. What is the reason for this?

    View on r/NepalStock by ShoddyStreet677

  • Dividend high bhako kinne ki bonus high dine

    Dividend high bhako kinne ki bonus high dine


    High dividend dine company kinera k faida hola? Maile ta kei dekhina long run ma compared to bonus dine company. Kei bujaidine ho ki Malai?

    View on r/NepalStock by Swing-Many

  • Has this ever happened in an IPO listing? Reference: IME life insurance. Is it stupid to blame it all on Mutual Funds? Was the opening range so high causing immediate decline from day 3?

    Has this ever happened in an IPO listing? Reference: IME life insurance. Is it stupid to blame it all on Mutual Funds? Was the opening range so high causing immediate decline from day 3?


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    [Source: Merolagani](https://preview.redd.it/ht4d1j4n6thb1.png?width=910&format=png&auto=webp&s=0e4f44b0f53473f34da2c091c23841203cef53fc)

    View on r/NepalStock by consciousVerse

  • “ICRA Nepal Gives Unitech Hydropower B+ Issuer Rating Signaling High Default Risk”

    “ICRA Nepal Gives Unitech Hydropower B+ Issuer Rating Signaling High Default Risk”


     

     

    ICRA Nepal Limited has given Unitech Hydropower Company Limited an issuer rating of [ICRANP-IR] B+. This rating signifies that Unitech Hydropower Company Limited carries a high risk of not meeting its financial obligations on time. It’s essential to understand that this rating is a general assessment of the company’s creditworthiness and is not tied to any specific debt instrument.

    For these rating categories, ranging from [ICRANP-IR] AA to [ICRANP-IR] C, a plus (+) or minus (-) sign may be added to indicate their position within the category. In this case, [ICRANP-IR] B+ is slightly better than [ICRANP-IR] B, while [ICRANP-IR] B- is slightly lower than [ICRANP-IR] B.

  • “Gold Prices Spike by Rs. 800 Per Tola, Silver Rate Unmentioned”

    “Gold Prices Spike by Rs. 800 Per Tola, Silver Rate Unmentioned”


     

    Gold prices in the Nepalese market are soaring, reaching near an all-time high. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now being traded at Rs. 113,500 per tola, experiencing an astonishing rise of Rs. 800 in just one day from yesterday’s rate. This surge follows a significant increase of Rs. 500 per tola on Wednesday.