Gold price drops by Rs 400 per tola on Monday
The price of gold has dropped by Rs 400 per tola in the domestic market on Monday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 137, 200 per tola today. It was traded at Rs 137, 600 per tola on Sunday.
Similarly, tejabi gold is being traded at Rs 136, 550 per tola. It was traded at Rs 136, 950 per tola.
Meanwhile, the price of silver, however, has increased by Rs 5 and is being traded at Rs 1,665 per tola today.
Nepse surges by 14. 33 points on Sunday
The Nepal Stock Exchange (NEPSE) gained 14.33 points to close at 1,980.27 points on Sunday.
Similarly, the sensitive index surged by 2.62 points to close at 350. 80 points.
A total of 6,878,159-unit shares of 308 companies were traded for Rs 2. 68 billion.
Meanwhile, Pokhara Finance Ltd. (PFL) was the top gainer today, with its price surging by 9. 02 percent.
At the end of the day, total market capitalization stood at Rs 3. 19 trillion.
Gold price increases by Rs 400 per tola on Sunday
The price of gold has increased by Rs 400 per tola in the domestic market on Sunday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 137, 600 per tola today. It was traded at Rs 137, 200 per tola on Friday.
Similarly, tejabi gold is being traded at Rs 136, 950 per tola. It was traded at Rs 136, 550 per tola.
Meanwhile, the price of silver, however, has dropped by Rs 15 and is being traded at Rs 1, 660 per tola today.
Third Investment Summit kicks off today, govt to showcase 151 lucrative projects
The Third Investment Summit is beginning today. It is being organized to bring in foreign direct investment and launch development projects for the country's economic progress.
The government is dangling 151 projects. The event to be inaugurated by Prime Minister Pushpa Kamal Dahal will be attended by over 1600 investors from 55 plus countries.
Nepal Investment Board has informed that there will be 23 exhibition stalls along with detailed information on the projects in the conference. Similarly, concept notes would be called for 19 projects.
The two-day international event features 11 parallel sessions on Monday. The first day witness’s inauguration session and two major sessions.
The investors will be provided opportunities to interact with PM Dahal and Finance Minister Barsha Man Pun in course of the summit.
Private sector, a partner of economic development, is the co-organizer of the event.
Several noted international figures including Indian Minister for Commerce and Industry, Piyush Goyal; State Minister for UK Asia Pacific Affairs, Anne-Marie Trevelyan; Minister of State for Development and Africa, Andrew Mitchell; UNCTAD Secretary General Rebeca Grynspan; Chairman of China International Development Cooperation Agency, Luo Zhaohui are addressing the summit.
Similarly, Vice President Chair of ADB, Yingming Yang; Acting Vice Chair of Asian Infrastructure Investment Bank, Rajit Mishra; Indian Ambassador to Nepal, Naveen Shreevastav; Executive Director of ITC India, Supratim Datta, and Senior Vice Chair of US Chamber of Commerce, Atul Keshap, also in the list to address it.
The event will also be addressed by former Prime Minister and major opposition leader Sher Bahadur Deuba, Finance Minister and summit convention committee director, Barsha Man Pun, and leaders of Nepali business community.
