Dated:2014-12-18  
 
ACEDBL 242 4 | ADBL 480 5 | AHPC 362 8 | AIC 400 39 | ALDBL 248 2 | ALICL 1107 3 | APEX 117 5 | ARDBL 145 1 | BGDBL 165 3 | BLDBL 453 7 | BPCL 592 3 | BSBL 300 3 | BUDBL 187 1 | CBL 270 0 | CCBL 281 3 | CFCL 148 2 | CHCL 1671 6 | CIT 2958 53 | CIVIC 250 3 | CNDBL 169 1 | CZBIL 418 1 | DDBL 918 18 | EBL 1900 11 | EBLCP 886 66 | EDBL 669 2 | EIC 945 14 | EKBL 186 1 | FFCL 231 8 | FMDBL 794 31 | GBBL 300 0 | GBIME 502 12 | GDBL 230 0 | GLICL 544 5 | GMFIL 285 5 | GRAND 175 0 | HAMA 120 2 | HBDL 98 3 | HBL 725 5 | HDL 484 24 | HGI 515 3 | ICFC 236 4 | IDBL 165 0 | INDBL 167 3 | JBBL 160 2 | JBNL 250 1 | JFL 355 2 | KAFIL 208 8 | KBBL 324 5 | KBL 392 2 | KDBL 119 1 | KMCDB 620 13 | KRBL 156 3 | LBL 491 2 | LGIL 433 15 | LICN 3190 30 | LLBS 600 0 | LUBL 328 9 | MBBL 146 1 | MBL 535 9 | MDB 445 3 | MDBL 154 3 | MEGA 403 2 | MFIL 153 3 | MLBBL 720 2 | MMDBL 392 8 | MNBBL 481 1 | MTBL 202 6 | NABB 141 10 | NABIL 1938 63 | NABILP 1250 19 | NBB 461 1 | NBBL 1760 110 | NBF1 13 0 | NBL 360 1 | NCCB 575 1 | NCDB 161 14 | NCM 205 3 | NHPC 125 2 | NIB 717 3 | NICA 675 10 | NICL 402 10 | NLBBL 1020 77 | NLG 750 5 | NLIC 3970 69 | NLICL 2150 10 | NNLB 680 13 | NTC 612 1 | NUBL 1090 0 | OHL 648 29 | PADBL 351 11 | PCBL 528 2 | PDBL 207 4 | PFC 295 0 | PFCLL 113 5 | PIC 805 2 | PLIC 964 13 | REDBL 201 3 | RHPC 495 5 | RMDC 743 20 | SADBL 290 5 | SANIMA 534 14 | SBBLJ 538 17 | SBI 1022 12 | SBL 645 0 | SCB 1920 9 | SDBL 159 3 | SEOS 10 0 | SEWA 296 0 | SFFILP 100 0 | SFL 139 5 | SHBL 405 2 | SHINE 321 4 | SHL 480 5 | SHPC 696 4 | SIC 1170 10 | SICL 800 39 | SIGS1 15 1 | SKBBL 1254 24 | SLBBL 1950 24 | SLICL 641 12 | SRBL 392 3 | SUBBL 290 0 | SUPRME 140 4 | SWBBL 1856 16 | TRH 276 10 | UFCL 100 0 | UFL 211 4 | UIC 843 17 | VBBL 125 0 | WDBL 214 6 | YETI 130 3 |
  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.