Dated:2014-08-14  
 
ACEDBL 336 5 | ADBL 657 3 | AHPC 504 3 | AIC 561 11 | ALDBL 260 1 | ALICL 1210 10 | APEX 158 0 | ARDBL 190 21 | BBBL 421 13 | BHBL 218 2 | BPCL 830 9 | BSBL 331 5 | BUDBL 227 4 | CBBL 1536 16 | CBL 338 2 | CCBL 330 0 | CDBL 501 14 | CEDBL 290 2 | CFCL 222 4 | CHCL 2530 30 | CIT 3275 40 | CNDBL 200 0 | CZBIL 576 1 | DDBL 1365 35 | EBL 2730 100 | EDBL 760 10 | FMDBL 890 15 | GBBL 391 6 | GBIME 686 16 | GDBL 320 20 | GFCL 262 10 | GLICL 620 16 | GRAND 309 12 | HBDL 113 2 | HBL 960 7 | HGI 577 11 | ICFC 324 6 | IDBL 223 7 | INDB 314 6 | INDBL 206 4 | JBBL 196 0 | JBNL 295 2 | JEFL 213 8 | JFL 595 0 | KADBL 381 0 | KAFIL 267 0 | KBBL 490 2 | KBL 563 2 | KDBL 143 2 | KFLPO 115 0 | KMCDB 775 25 | KNBL 224 2 | KRBL 248 13 | LBL 615 4 | LFC 321 1 | LFLC 300 5 | LGIL 437 0 | LICN 4100 280 | LUBL 460 2 | MBBL 212 0 | MBL 535 0 | MDB 530 10 | MEGA 439 1 | METRO 429 4 | MNBBL 734 14 | MPFL 106 9 | MSBBL 194 3 | MTBL 273 8 | NABB 198 3 | NABIL 2513 63 | NABILP 1750 21 | NBB 690 0 | NBBL 770 15 | NBF1 17 0 | NBL 488 8 | NCCB 700 15 | NCDB 155 6 | NGBL 286 0 | NHPC 185 0 | NIB 980 10 | NICA 885 15 | NICL 520 10 | NIL 680 3 | NLBBL 1560 46 | NLG 835 4 | NLIC 4520 45 | NLICL 2550 50 | NLICP 1626 0 | NMB 518 0 | NNFC 362 3 | NNLB 825 2 | NTC 642 2 | NUBL 1600 25 | OHL 775 0 | PADBL 470 5 | PBSL 367 3 | PCBL 587 0 | PDBL 270 0 | PFCL 170 11 | PFCLL 159 6 | PFIL 181 1 | PFL 280 5 | PIC 845 19 | PICL 510 5 | PLIC 1026 14 | PRDBL 191 6 | PROFL 126 10 | PURBL 413 7 | RBS 5200 2 | REDBL 299 19 | RHPC 751 21 | RMDC 885 10 | SANIMA 604 13 | SBBLJ 660 35 | SBI 1210 20 | SBL 885 3 | SCB 2701 101 | SDBL 198 8 | SETI 206 13 | SEWA 400 5 | SFL 184 16 | SHINE 451 1 | SHL 623 8 | SHPC 750 15 | SIC 1235 0 | SICL 861 21 | SIGS1 19 0 | SIL 865 48 | SKBBL 1530 20 | SLBBL 1780 34 | SLICL 710 6 | SRBL 465 0 | SUBBL 343 13 | SUPRME 212 5 | SWBBL 1930 35 | SYFL 122 6 | TDBL 261 5 | TNBL 310 0 | TRH 295 5 | UFIL 175 3 | UFL 314 15 | UIC 838 17 | VBBL 146 1 | WDBL 255 4 | YETI 147 6 |
  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.