Dated:2014-10-22  
 
ACEDBL 290 3 | ADBL 505 1 | AHPC 387 4 | AIC 510 25 | ALDBL 232 2 | ALICL 1221 26 | APEX 125 0 | ARDBL 153 3 | ARDBLP 100 0 | BLDBL 465 10 | BPCL 665 15 | BSBL 283 8 | BUDBL 198 2 | CBBL 1505 10 | CBL 287 3 | CCBL 287 6 | CDBL 382 7 | CEDBL 249 4 | CHCL 1797 1 | CIT 3060 10 | CNDBL 173 4 | CZBIL 452 1 | DDBL 1310 10 | EBL 1925 5 | EBLCP 955 18 | EDBL 690 20 | EIC 1010 10 | EKBL 216 23 | FFCL 336 14 | GBBL 374 8 | GBIME 534 3 | GLICL 609 37 | GMFIL 280 0 | GRAND 219 1 | HAMA 135 0 | HAMRO 309 6 | HBDL 96 1 | HBL 885 17 | HGI 561 25 | IDBL 172 3 | JBBL 169 3 | JBNL 275 0 | JFL 652 12 | KBL 436 134 | KDBL 123 4 | KEBL 345 6 | KFL 137 0 | KMCDB 670 20 | KNBL 186 3 | LBL 633 14 | LFLC 205 3 | LGIL 450 28 | LICN 3509 9 | LUBL 340 5 | MBL 507 17 | MDB 460 10 | MDBL 175 2 | MEGA 390 4 | METRO 388 14 | MLBBL 805 2 | MMDBL 397 22 | MNBBL 795 9 | NABIL 2350 26 | NABILP 1595 1 | NBB 576 16 | NBBL 1571 59 | NBF1 14 0 | NBL 386 3 | NCCB 625 6 | NCM 190 17 | NGBL 310 0 | NIB 783 3 | NICA 785 12 | NICL 484 14 | NIL 810 35 | NLBBL 1189 7 | NLG 815 15 | NLIC 4250 50 | NLICL 2377 88 | NLICLP 902 51 | NNFC 282 10 | NNLB 741 9 | NTC 615 0 | NUBL 1560 4 | OHL 710 11 | PCBL 488 3 | PDBL 228 3 | PFIL 153 3 | PFL 234 4 | PICL 468 25 | PLIC 1045 21 | PRDBL 147 3 | PURBL 379 11 | REDBL 209 1 | RHPC 579 4 | RMDC 781 9 | SADBL 325 10 | SANIMA 499 5 | SBBLJ 555 5 | SBI 980 25 | SBL 616 1 | SCB 2118 2 | SDBL 158 6 | SEOS 11 0 | SFFIL 89 1 | SFL 150 0 | SHINE 365 3 | SHL 600 0 | SHPC 705 17 | SIC 1215 24 | SICL 840 24 | SIL 821 26 | SKBBL 1486 46 | SLBBL 1860 510 | SLICL 700 25 | SRBL 385 5 | SUPRME 165 1 | SWBBL 1945 28 | TDBL 221 24 | TNBL 279 8 | TRH 309 10 | UFIL 165 11 | UFL 260 5 | UIC 940 10 | VBBL 124 0 | WDBL 205 3 | YETI 127 1 |
  General News
Weakening gold leaves bullion buyers smiling
Thursday - 31st October, 2013 | www.ekantipur.com
 
  Gold buyers are in a better mood as the yellow metal fell Rs 600 per tola on Wednesday. Fears of prices hitting new highs due to the festive rush had got potential customers worried lately.

On Wednesday, the Federation of Nepal Gold and Silver Dealers' Association (Fenegosida), the apex body of the country's bullion traders, fixed the price of gold at Rs 56,600 per tola. Gold traded at Rs 57,200 per tola on Tuesday.

“On Wednesday, gold prices in the international market fell US$ 12 per ounce. Since we fix the price as per international trends, the rate has gone down in the local market,” said Tej Ratna Shakya, special member of Fenegosida.

Despite the fall in prices on Wednesday, Shakya said that the volatile international market had made it very difficult for traders to predict where prices would head from Thursday onwards. “Though it's very difficult to talk about the trend, it has given some relief to festive buyers,” said Shakya.

Meanwhile, the approach of Tihar, one of the most widely celebrated festivals in the country, has given a significant boost to the bullion market. Since, buying gold and silver is considered to be auspicious during Tihar, people throng bullion stores leading to a two-fold increase in sales.

According to Shakya, the domestic market's daily requirement of gold currently stands at 35 kg. While normal demand is estimated to amount to 15-20 kg per day, special occasions like festivals and the wedding season send demand surging by more than 50 percent.

The gold rush is expected to increase further on Friday, as Dhantirash is considered to be the best day to buy gold . Laxmi Puja which falls on Sunday is another auspicious day to buy gold . Nepal Rastra Bank has raised the import quota of gold from 15 kg a day to 20 kg, anticipating a rise in demand during the festive season.

“The market has a huge demand of 35 kg of gold currently which is lower than last year's demand,” said Shakya. The wild fluctuations in prices in the international and national markets have discouraged people from buying gold presently.

Meanwhile, silver fell marginally on Wednesday. The metal which traded at Rs 950 per tola on Tuesday dropped to Rs 945 on Tuesday.

According to traders, demand for silver has gone over 100 percent in the domestic market. “While demand for silver remains at around 100 kg during normal days, currently it is around 200 kg,” said Shakya. Demand is expected to reach 400 kg a day from Friday onwards, he added.

Silver cost around Rs 1,200 per tola in mid-March 2013, and the fall in prices presently has sent demand soaring, according to traders.