Gold price hits new record at Rs 191, 000 per tola
The price of gold has reached an all-time high in the domestic market on Monday, setting a new historical record.
According to the Federation of Nepal Gold and Silver Traders, the price of gold has increased by Rs 400 per tola to reach Rs 191, 000 per tola today. It was traded at Rs 190, 600 per tola on Tuesday.
The price of silver, however, remained stable and is being traded at Rs 1, 960 per tola.
Nepse plunges by 16. 68 points on Sunday
The Nepal Stock Exchange (NEPSE) plunged by 16. 68 points to close at 2,706.04 points on Sunday.
Similarly, the sensitive index dropped by 1. 64 points to close at 456. 58 points.
A total of 21,323,967-unit shares of 328 companies were traded for Rs 8. 43 billion.
Meanwhile, Nepal Micro Insurance Company Limited (NMIC) the top gainer today with its price surging by 9. 98 percent. Likewise, Himalayan Power Partner Ltd. (HPPL) was the top loser with its price dropped by 7. 33 percent.
At the end of the day, the total market capitalization stood at Rs 4. 49 trillion.
Gold being traded at Rs 189, 800 per tola on Sunday
The price of gold and silver remained stable in the domestic market on Sunday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 189, 800 per tola today.
Similarly, the silver is being traded at Rs 1,960 per tola.
Honey production down in Chitwan this year
Honey production has decreased by 1,070 tons in 2081 BS compared to the previous year.
A total of 4,945 tons of honey were produced in 2080 BS whereas the production has decreased to 3,875 tons in 2081.
President of the Nepal Beekeepers Federation, Subash Chandra Ghimire, said the decline in honey production this year is due to the lack of sale of honey the previous year, disputes over grazing areas, uncontrolled use of pesticides, increase in the price of beekeeping equipments, expensive transportation, and the sale of fake honey and adulterated honey.
However, the number of beekeepers has increased compared to the previous year. Last year, 8,100 farmers were involved in beekeeping but this number increased to 8,398 farmers in 2081.
The number of farmers raising domesticated Serena bees has increased. The number of farmers raising this breed of bees was 6,135 last year but increased to 6,830 in 2081, he said.
Meanwhile, the number of commercial beekeepers has decreased from 1,965 to 1,568 in 2081. They have been raising mellifera bees.
The Federation has stated that there was a stock of 197 tons of honey in 2081 BS compared to 3,143 tons in 2080 BS.
