Tag: Risen

  • Nepali Gold Market Witnesses Significant Rise in Rates, Reflecting Global Trends

    Nepali Gold Market Witnesses Significant Rise in Rates, Reflecting Global Trends


    Today, the price of the precious yellow metal has soared by Rs. 700 per tola compared to yesterday’s trading figures, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).

    The current rate for fine gold stands at Rs. 1,37,500 per tola, marking a notable increase from yesterday’s trading rate of Rs. 1,36,800 per tola. Similarly, Tejabi gold is now priced at Rs. 1,36,850 per tola, indicating a Rs. 700 surge from yesterday’s price of Rs. 1,36,150 per tola.

    April 12th, 2024, saw a historic peak for fine gold, hitting an all-time high of Rs. 1,39,000 per tola. Concurrently, silver also reached a record high of Rs. 1,750.

    Moreover, silver has experienced an uptick of Rs. 15 per tola, with the current market value at Rs. 1,715 per tola, compared to yesterday’s closing rate of Rs. 1,700 per tola.

    While domestic markets witness an upward trajectory in prices, international market dynamics play a significant role. As per the latest updates, the current gold rate stands at $2,355.10 per ounce. Internationally, silver is also demonstrating positive momentum, with prices reaching $28.17 per ounce.

  • Nepal Rastra Bank Unveils FY 2023/24 Macroeconomic Overview

    Nepal Rastra Bank Unveils FY 2023/24 Macroeconomic Overview


    Nepal Rastra Bank (NRB) has presented a comprehensive overview of Nepal’s current macroeconomic and financial status based on data from the first eight months ending mid-March 2023/24.

    Inflation and Trade

    • Year-on-year inflation remained stable at 4.82%.
    • Gross foreign exchange reserves reached USD 14.14 billion.
    • Total imports decreased by 2.7%, exports by 4.0%, and trade deficit by 2.5%.
    • Concessional loans extended to various sectors totaled Rs. 149.30 billion.
    • NEPSE index rose to 2108.73 from 1953.06 a year ago.

    Inflation Trends

    • Consumer price inflation moderated to 4.82%, down from 7.44%.
    • Wholesale price inflation decreased to 3.69%.
    • Merchandise exports fell by 4.0%, while imports decreased by 2.7%.
    • Remittance inflows increased by 21.0%.

    Foreign Exchange and Reserves

    • Gross foreign exchange reserves grew by 21.7% to Rs. 1872.82 billion.
    • Reserves-to-imports ratio improved to 103.1%.
    • Exchange rate depreciated by 0.73% against the USD.
    • Government expenditure increased by 2.9% to Rs. 801.58 billion.
    • Revenue mobilization rose by 9.7% to Rs. 639.05 billion.

    Banking and Credit

    • Domestic credit and claims on the private sector increased by 4.0% and 5.6% respectively.
    • Deposits at BFIs expanded by 7.6% to Rs. 435.87 billion.
    • Average base rates for commercial banks stood at 8.77%.

    Balance of Payments

    • Balance of Payments remained in surplus at Rs. 327.55 billion.

    Overall, Nepal’s economy shows resilience and positive growth indicators amidst global economic fluctuations.

  • Gold Prices Soar by Rs. 400 per Tola, Silver Up by Rs. 5: Market Trends on the Rise

    Gold Prices Soar by Rs. 400 per Tola, Silver Up by Rs. 5: Market Trends on the Rise


    The current day witnessed a notable rise in the price of gold, with a Rs. 400 increase per tola compared to the previous day’s trading value. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is presently being traded at Rs. 1,18,400 per tola. This marks a Rs. 400 surge from the yesterday’s trading price of Rs. 1,18,000 per tola.

    Similarly, Tejabi gold is available in the market today at Rs. 1,17,850 per tola, reflecting a significant increase of Rs. 850 in comparison to the previous day’s price of Rs. 1,17,450 per tola.

    In addition to the surge in gold prices, silver has also experienced an upward trend, registering a Rs. 5 increase per tola. The current market rate for silver stands at Rs. 1,415 per tola, in contrast to the closing rate of Rs. 1,410 per tola recorded in the previous day’s trading. This signifies a positive shift in the precious metal market, with both gold and silver prices experiencing notable increments.

  • Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments

    Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments


    Sanima Mai Hydropower Company Limited (SHPC) has reported a positive performance in the first quarter of the fiscal year 2080/81, demonstrating a 6.02% increase in net profit. The company’s net profit climbed to NPR 24.92 crores, up from NPR 23.5 crores in the same quarter of the previous year.

    This growth was primarily supported by a 2.43% increase in revenue generated from electricity sales, reaching NPR 32.98 crores. Additionally, SHPC managed to significantly reduce both plant operating expenses and financial expenses by 19.33% and 19.59%, respectively, in comparison to the previous year’s quarter.

    Up to the end of Ashwin 2080, the Mai Hydropower Plant (22MW) and Mai Cascade Hydropower Plant (7MW) generated impressive revenues of NPR 24.81 crores and NPR 8.17 crores, respectively.

    Furthermore, SHPC strategically invested a total of NPR 2.74 arba in subsidiary projects, including ventures in Swet Ganga Hydropower and Construction Limited, Sanima Middle Tamor Hydropower Limited, Mathilo Mailun Khola Jalvidhyut Hydropower Limited, Bavari Construction P Limited, and Sanima Jum Hydropower Limited. These investments underscore the company’s commitment to expansion and diversification.

    With a share capital of NPR 3.08 Arba and retained earnings of NPR 1.42 Arba, SHPC demonstrated an annualized Earnings Per Share (EPS) of NPR 32.37 and a net worth per share of NPR 164.17. The company’s Price/Earnings (P/E) ratio stands at 8.83 times.

     

  • Gold Price Rises by Rs 300 Per Tola in Nepalese Market; Silver Up by Rs 5

    Gold Price Rises by Rs 300 Per Tola in Nepalese Market; Silver Up by Rs 5


    Today, the price of gold in the Nepalese market has increased by Rs. 300 per tola. As per the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 111,600 per tola, compared to yesterday’s rate of Rs. 111,300 per tola. Similarly, Tejabi gold is being traded at Rs. 111,050 today, whereas it was priced at Rs. 110,750 per tola yesterday.

     

  • Macro Economic Indicators of FY 2022/23: Remittance Inflows Rise by 22.7%, Inflation at 6.83%

    Macro Economic Indicators of FY 2022/23: Remittance Inflows Rise by 22.7%, Inflation at 6.83%


     

    As of mid-June 2023, there was a total outstanding concessional loan of Rs. 203.10 billion given to 147,510 borrowers. Out of this amount, Rs. 139.68 billion was provided to 61,235 borrowers for selected commercial agriculture and livestock businesses. Additionally, Rs. 60.46 billion was given as loans to 83,455 women entrepreneurs. In other specified sectors, a total of Rs. 2.97 billion in concessional loans was availed by 2,820 borrowers.

    During the same period, the NEPSE index, which measures the performance of the Nepal Stock Exchange, was recorded at 2042.07. This figure showed an increase compared to its value of 1996.26 in mid-June 2022.

  • NEPSE Soars by 56.94 Points, Closes at 2,186.36; Microfinance Index Surges

    NEPSE Soars by 56.94 Points, Closes at 2,186.36; Microfinance Index Surges


     

    The NEPSE index had a positive day as it closed at 2,186.36, gaining 56.94 points compared to the previous trading day. This signifies a gain of 2.67%. Yesterday, the index had also gained 11.69 points. The trading session began at 2,132.61 and reached its lowest point at 2,132.48. However, it quickly rebounded and reached a high of 2,186.68 before settling at 2,186.36 at the end of the day.

    During the day, there were 275 scrips that were traded through 80,398 transactions. A total of 13,107,080 shares were exchanged, amounting to a turnover of Rs. 5.47 Arba. This turnover is higher than the previous trading day’s turnover of Rs. 5.31 Arba.

     

  • Gold Prices Skyrocket by Rs. 800 in Domestic Market

    Gold Prices Skyrocket by Rs. 800 in Domestic Market


    The price of gold has experienced a significant increase of Rs. 800 in the domestic market today. As reported by the Federation of Nepal Gold and Silver Dealers’ Association, the current trading rate for fine gold stands at Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 109,200 per tola. Similarly, Tejabi gold is being traded at Rs. 109,500 today, whereas it was priced at Rs. 108,700 per tola yesterday.

    In addition, silver has also seen a price surge of Rs. 15 per tola. The current trading rate for silver in the local market is Rs. 1,385 per tola, up from yesterday’s closing rate of Rs. 1,370 per tola.

    In the international market, the price of gold is currently at USD $1,977.60 per ounce, while silver is being traded at $23.83 per ounce.

  • NEPSE Index Closes at 1,883.20 with 0.31% Gain

    NEPSE Index Closes at 1,883.20 with 0.31% Gain


    Today, the NEPSE index closed at 1,883.20, showing a gain of 5.88 points compared to the previous trading day. This represents a 0.31% increase. Yesterday, the index had gained 32.30 points.

    The trading day began with the index opening at 1,878.68 and reaching a high of 1,903.06 during the day. However, it also experienced a low of 1,874.40 before ultimately closing at 1,883.20.

    In terms of trading activity, there were 273 scrips traded through 34,331 transactions. The total number of shares exchanged amounted to 4,828,776, with a turnover of Rs. 1.6 Arba. This turnover is higher than the previous trading day’s turnover of Rs. 1.47 Arba.

    Among the companies, Rastriya Beema Company Limited (RBCL) recorded the highest gain of 10%, followed by ANLB with a gain of 9.99%. On the other hand, Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) experienced the highest loss of 6.56% during the day.

  • Today’s gold price in Nepal has risen by Rs 500 per tola, while silver has risen by Rs 5.

    Today’s gold price in Nepal has risen by Rs 500 per tola, while silver has risen by Rs 5.


     

    Today’s gold price has risen by Rs. 500 in the domestic market.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 109,800 per tola. Yesterday, the rate remained unchanged at Rs. 109,300 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,300. In contrast, the rate was kept at Rs. 108,800 per tola yesterday.

  • Gold has returned to trading at Rs. 109,000 per tola after gaining Rs. 1000 per tola in a single day.

    Gold has returned to trading at Rs. 109,000 per tola after gaining Rs. 1000 per tola in a single day.


     

    Today’s gold price has risen by Rs. 1000 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 109,000 per tola. Yesterday, the rate remained unchanged at Rs. 108,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 108,500. In contrast, the rate was kept at Rs. 107,500 per tola yesterday.

  • Today’s gold price in Nepal has risen by Rs 500 per tola, while silver has risen by Rs 10.

    Today’s gold price in Nepal has risen by Rs 500 per tola, while silver has risen by Rs 10.


     

    Today’s gold price has risen by Rs. 500 in the domestic market.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 108,500 per tola. Yesterday, the rate remained unchanged at Rs. 108,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 108,000. In contrast, the rate was kept at Rs. 107,500 per tola yesterday.