Dated:2014-04-16  
 
ACEDBL 188 6 | ADBL 478 1 | AHPC 472 2 | ALICL 905 0 | APEX 120 1 | ARDBL 128 2 | BBBL 153 11 | BHBL 110 1 | BOK 545 10 | BPCL 790 1 | BSBL 226 2 | BUDBL 144 12 | CDBL 370 12 | CEDBL 250 0 | CHCL 1940 3 | CIT 3366 0 | CNDBL 106 2 | CSDBL 187 9 | CZBIL 410 15 | DDBL 980 0 | EBL 2225 20 | EBLCP 775 16 | FMDBL 625 1 | GBBL 257 5 | GLICL 460 12 | GRAND 270 0 | HAMA 108 2 | HBDL 69 0 | HBL 820 15 | HGI 408 8 | IDBL 120 2 | ILFC 221 7 | INDB 159 6 | INDBL 151 2 | JBBL 148 3 | JBNL 280 2 | JEFL 129 4 | KAFIL 166 2 | KBBL 345 5 | KBL 423 2 | KDBL 95 1 | KKBL 214 15 | KMBL 261 1 | KMCDB 715 3 | KRBL 104 1 | LBL 472 2 | LFLC 193 8 | LGIL 341 9 | LICN 3005 50 | MBBL 157 9 | MBL 463 9 | MDB 400 8 | MDBL 169 15 | MEGA 401 4 | MNBBL 548 7 | MSBBL 130 1 | MTBL 165 15 | NABIL 1990 5 | NABILP 1289 3 | NBB 592 9 | NBF1 12 0 | NBL 318 0 | NCCB 425 1 | NCDB 159 6 | NGBL 193 2 | NHPC 135 2 | NIB 842 13 | NICA 724 12 | NICL 835 5 | NLG 761 19 | NLIC 5150 50 | NLICL 2670 40 | NMB 390 5 | NNFC 210 4 | NNLB 696 63 | NTC 655 15 | NUBL 1010 10 | OFL 334 6 | OHL 690 59 | PCBL 468 2 | PFIL 102 0 | PFL 197 6 | PICL 395 1 | PLIC 766 7 | PRDBL 126 5 | PURBL 232 2 | RDBL 186 2 | RMDC 840 35 | SANIMA 466 3 | SBBLJ 487 27 | SBI 997 2 | SBL 556 5 | SCB 1780 25 | SDBL 147 2 | SEWA 244 6 | SHINE 450 0 | SHL 476 6 | SHPC 670 15 | SIC 1245 20 | SICL 940 0 | SIFC 451 9 | SIGS1 13 0 | SIL 539 11 | SINDU 130 4 | SKBBL 1200 20 | SLBBL 1255 1 | SLICL 490 10 | SMFDB 930 0 | SRBL 401 6 | SUBBL 188 3 | SUPRME 100 2 | SWBBL 1122 18 | TBBL 249 4 | TDBL 157 6 | TRH 262 3 | UFIL 123 4 | UIC 575 0 | VBBL 110 3 | WDBL 220 2 |
  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.