Gold price increases by Rs 1, 000 per tola on Monday
The price of gold has increased by Rs 1,000 per tola in the domestic market on Monday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 108, 600 per tola today. It was traded at Rs 107, 600 per tola on Friday.
Meanwhile, tejabi gold is being traded at Rs 108, 100 per tola. It was traded at Rs 107, 100 per tola.
Similarly, the price of silver has increased by Rs 35 per tola and is being traded at Rs 1,345 per tola today.
Thamel's tourism business bounces back
Tourists' mobility has visibly increased in Thamel – the main tourism hub – with the advent of autumn season. Tourism entrepreneurs are being elated with the rise in arrival of tourists.
The entrepreneurs have come across financial trouble with a sharp fall in the inflow of tourists in the wake of the devastating Gorkha earthquake, trade embargo and coronavirus pandemic.
A new hope is simmering among the entrepreneurs with the gradual rise in the arrivals of tourists at the onset of tourism season.
Influx of foreign tourists has increased in Thamel of late, said Thamel-based restaurant operator Bhagawan Thapa, who has been offering Thakali cuisine varieties.
"In earlier months, hardly 10-15 domestic and foreign guests used to visit my restaurant daily for eateries. But the number has increased to 45-50 this month and most of them are foreigners", he shared.
Kiran Dev Ghimire, who has been operating a stationery shop in Thamel for the past one-and-a-half decade, said inflow of foreign tourists has increased in Thamel lately.
However, tourists have been facing trouble in lack of proper maintenance of dilapidated roads in Thamel which has established its international fame, he mentioned.
Fancy cloth operator Sitaram Regmi commented that business volume has not increased in Thamel despite a rise in tourism activities. "Fancy business transactions have dropped in Thamel this year compared to last year".
Hotel business has a different story in Thamel. The occupancies in Thamel-based hotels have increased with a rising flow of tourists.
Mahesh Phuyal, operator of Thamel-based four-star hotel Ramada Encore, said hotel rooms have been booked for the autumn season since a month before.
Sahadev Dhamala, proprietor of a hotel in Thamel, however said tourism business in Thamel has not been as anticipated due to short-term stay of tourists of late.
Dhamala, also the vice-chairperson of Thamel Tourism Development Council, said the Council has been holding discussions with different agencies on the measures to prolong the stay of foreign tourists in Thamel.
According to Nepal Tourism Board, a total of 692,372 tourists have entered Nepal via air routes in the first nine months of the year 2023. Among them, 91,012 tourists arrived in Nepal in the month of September alone.
Nepse plunges by 35. 67 points on Sunday
The Nepal Stock Exchange (NEPSE) plunged by 35. 67 points to close at 1,921.24 points on Sunday.
Similarly, the sensitive index dropped by 5. 79 points to close at 367. 57 points.
A total of 5,815,189-unit shares of 289 companies were traded for Rs 1. 80 billion.
Meanwhile, Barahi Hydropower Public Limited was the top gainer today with its price surging by 9. 59 percent. Likewise, Himalayan Laghubitta Bittiya Sanstha Limited and Garima Debenture, 2085 were the top losers as their price fell by 10. 00 percent.
At the end of the day, the total market capitalization stood at Rs 2. 93 trillion
Gold price increases by Rs 300 per tola on Sunday
The price of gold has increased by Rs 300 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 107, 600 per tola today. It was traded at Rs 107, 300 per tola on Friday.
Meanwhile, tejabi gold is being traded at Rs 107, 100 per tola. It was traded at Rs 106, 800 per tola.
Similarly, the price of silver has increased by Rs 20 and is being traded at Rs 1,330 per tola today.
