Gold price drops by Rs 1, 100 per tola on Friday

The price of gold has dropped by Rs 1, 100 per tola in the domestic market on Friday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 190, 400 per tola today. It was traded at Rs 191, 500 per tola on Thursday.

The price of silver has increased by Rs 20 and is being traded at Rs 2, 005 per tola today.

Nepse surges by 19. 40 points on Thursday

The Nepal Stock Exchange (NEPSE) gained 19. 40 points to close at 2,688. 91 points on Thursday.

Similarly, the sensitive index surged by 7. 19 points to close at 458. 04 points.

A total of 22,396,329-unit shares of 314 companies were traded for Rs 9. 82 billion.

Meanwhile, Om Megashree Pharmaceuticals Limited (OMPL) was the top gainer today, with its price surging by 10. 00 percent.

Likewise, Barahi Hydropower Public Limited (BHPL) was the top loser as its price fell by 9. 99 percent.

At the end of the day, total market capitalization stood at Rs 1. 50 trillion.

Gold price increases by Rs 1, 700 per tola on Thursday

The price of gold has increased by Rs 1, 700 per tola in the domestic market on Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 191, 500 per tola today. It was traded at Rs 189, 800 per tola on Wednesday.

Similarly, the silver is being traded at Rs 2, 025 per tola today. It was traded at Rs 1, 990.

Mechi Customs Office collects Rs 13 billion in revenue

Mechi Customs Office has collected Rs 12.94 billion in revenue in the 10 months of current fiscal year 2024/25 which is 91.51 percent of the target goal set for the period.

Such amount in revenue was collected importing goods worth Rs 38.88 billion.

Information Officer Ishwor Kumar Humagain said the office had set a target of collecting Rs 14.14 billion in revenue till the end of May 14, 2025.

"Only 76.85 percent revenue was collected against the target of Rs 15.8 billion during the corresponding period of fiscal year 2023/24. However, we are able to collect 91.51 per cent revenue of the target this time", he added.

According to the office, Rs 7.83 billion in revenue was collected from import of petroleum products in 10 months from Mechi Customs Office, Rs 583.3 million from vegetables, Rs 365.3 billion from vehicles and their spares, Rs 241 million from minerals production, Rs 193.6 million from coffee, Rs 202.9 million from lentils. 

Similarly, Rs 198.9 million was collected in revenue exporting goods worth Rs 21.45 billion in 10 months of current fiscal year.