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The price of gold has increased by Rs 300 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 110, 900 per tola today. The gold was traded at Rs 103, 500 per tola on Sunday. Meanwhile, tejabi gold is being traded at Rs 110, 350 per tola. Similarly, the silver is being traded at Rs 1,445 per tola today.

Poco Nepal has announced a temporary price drop on the POCO M5 from May 4-15 in Nepal. The POCO M5 is a powerful smartphone that comes with a 6.58-inch 90Hz FHD+ display, a powerful 6nm MediaTek Helio G99 processor, and a 5000mAh long-lasting battery. It also features a triple-camera setup on the back, with a 50-megapixel primary sensor, a 2-megapixel macro lens, and a 2-megapixel depth sensor. The phone is equipped with a 5-megapixel selfie camera on the front. "We understand that customers are looking for high-quality smartphones at affordable prices, and we believe that this offer will provide an excellent opportunity for them to get their hands on the performance-centric model at an unbeatable price,” said Amit Kumar Panda, the Country General Manager, POCO Nepal. The POCO M5 will come in three colors -black, green, and yellow and available in two storage variants - 4GB+64GB and 6GB+128GB. The 4GB+64GB variants will be available at Rs 19,999 while 6GB+128GB at Rs 22,999.

The Nepal Stock Exchange (NEPSE) plunged by 19. 12 points to close at 1,850.61 points on Sunday. Similarly, the sensitive index dropped by 3. 14 points to close at 354. 78 points. A total of 2,015,959-unit shares of 263 companies were traded for Rs 608 billion. Meanwhile, Aatmanirbhar Laghubitta Bittiya Sanstha Limited was the top gainer today with its price surging by 8. 22 percent. Likewise, NMB Debenture was the top loser with its price dropping by 8. 83 percent. At the end of the day, the total market capitalization stood at Rs 2. 69 trillion.

The Securities Board of Nepal (Sebon) has issued Letters of Intent (LOIs) for the license of securities businessmen (securities brokers and securities dealers) to additional 13 brokerage firms. The Sebon board meeting on Wednesday decided to issue the LoIs. The Sebon had issued LoIs to 16 firms earlier this week. The brokerage firms receiving LoIs on Wednesday are Sunrise Capital, JBNL Securities, Sharepro Securities, Stockesescarts Securities, Property Wizard Limited, Capital Hub Pvt Ltd, Milky Way Share Broker Company, Blue Chip Securities, Garima Securities, Kalas Stock Market, Money World Share Exchange, Subhakamana Securities, and Miyo Securities. After Sebon invited applications for new stock brokerage licenses, a total of 45 companies applied for the license. The Sebon on May 1 had issued LoI to 16 companies in the first phase. Of the 16 companies that received LoIs from Sebon for stock brokerage licenses, seven are the subsidiaries of commercial banks.