Push 10, Gold rate in Nepali Market

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Price of gold falls, Rs 56,400 for tola

KATHMANDU, Nov 2

The price of gold in the Nepali market has fallen following a fall in that in international market, according to the Nepal Gold and Silver Dealers’ Association.

The price of the yellow metal fell by Rs 400 per tola (11.66 grams) within a week. It started at Rs 56,800 on Sunday and had risen to Rs 57,200 on Tuesday but dropped to Rs 56,400 on Friday. 

The consumers did not get to buy enough gold although it became cheaper ahead of Tihar, according to the association. President of the association Manik Ratna Shakya said there was scarcity of gold in the market as import is fare lesser than the demand, and conceded that it was even traded at a higher price than that fixed by the association.

The commercial banks can import 20 kilograms of gold a day now while the gold traders claim that the daily demand of gold is 40 kilograms. source- karobardaily.com

Rupee continues to plunge; NRB fixes dollar rate at Rs 102.05 for Wednesday

The Nepali rupee has further depreciated to new low against dollar as Nepal Rastra Bank has fixed the exchange rate at Rs. 102.05 a dollar for Wednesday.

The exchange rate was fixed at Rs. 100.60 per dollar for Tuesday. The Indian rupee with which the Nepali currency is pegged depreciated to IRs. 62.49 per dollar on Monday.

The Indian rupee continued to depreciate on Tuesday touching the new low of IRs. 64.11 a dollar.

The exchange rate fixed by the commercial banks in Nepal may be higher from that of the central bank as there's a system of increasing the buying and selling rates by the banks.

On Monday, the Indian currency dipped to record low to IRs. 62.49 per dollar. The Nepali currency is pegged with IC devaluation as the transaction rate of Nepali rupee is fixed at Rs. 160 for IRs. 100.

As the foreign investors are pulling their investment out of India due to economic concerns, the value of Indian rupee has been depreciating against the US dollar.

International investors have so far withdrawn US$11.58bn in shares and debt from India's markets since the beginning of June, the BBC said citing official data. Nepalnews.com

Gold price reaches Rs. 57,000 per tola

The price of gold has increased by Rs. 600 per tola (11.664 gm) to exceed Rs. 57,000 per tola in the domestic market on Tuesday.

The price has reached Rs. 57,300 per tola on Tuesday from Monday’s 56,650 per tola while the price was Rs. 56,000 per tola on Sunday.

Similarly, the price of silver increased to Rs. 985 per tola on the day.nepalnews.com

Gold price up by Rs 1250 per tola

Kathmandu, 5 August / Gold price has increased by Rs 1,250 per tola to Rs 53,300 per tola on Sunday, the first trading day of this week.

The Nepal Gold and Silver Dealers’ Association had fixed the gold price at Rs 52,050 per tola last week on Friday.

The price of the precious metal has been fluctuating in the domestic market following the price change in the international market due to changes in the dollar rate, according to the Association.

Similarly, the price of silver has also increased by Rs 25 to Rs 845 per tola from Friday’s Rs 820 per tola. nepalnews.com

Gold price plunges by Rs. 2,500 per tola

The price of gold plunged by Rs. 2,500 per tola (11.664 gm) in a single day to reach Rs. 50,500 per tola in the domestic market on Sunday. Similarly, the price of the precious silver also dropped by Rs. 50 per tola to Rs. 824 per tola in the market. The traders have also reopened the business from today itself after the government agreed upon their demands. The government has agreed to formulate the market monitoring guidelines. The bullion market was closed for some 11 days due to the nationwide shut-down protest called by the gold traders and entrepreneurs. The bullion traders had been protesting against the joint inspection of gold and jewelry shops by the Department of Commerce and Supply Management (DoCSM) and Nepal Bureau of Standards and Metro logy, citing that it was “unsystematic”. nepalnews.com

Nepali rupee hits all time low against US dollar

Kathmandu-The Nepali currency has further depreciated to an all time low of Rs. 96 per dollar on Friday as Nepal Rastra Bank has fixed the exchange rate at Rs. 95.99 per dollar.

The rupee has further dipped by Rs. 1.74 from Rs. 94.25 per dollar on Thursday.

The central bank fixes the exchange rate of the Nepali rupee following the change in the Indian Currency (IC) against US dollar.

IC has plunged to a record low of IRs. 59.53 per dollar Thursday.Nepalnews.com

Rupee depreciates to new low of Rs. 93.79 per US dollar

The Nepali Rupee further depreciated to an all time low against the US dollar as Nepal Rastra Bank has fixed the exchange rate at Rs. 93.79 per dollar for Wednesday.

The devaluation of Nepali Currency pegged Rs. 0.86 from Tuesday’s 92.93 per dollar following the depreciation of Indian Currency (IC) against US dollar.

IC has plunged to record low of IRs. 58.38 per dollar on Tuesday from Monday’s IRs. 57.98 per dollar.

The IC has depreciated following increased demand for dollars by oil importers, among other factors, and amid growing investor confidence in the greenback.Nepalnews.com

Rupee falls to a historic low of 92.93 agaisnt USD

KATHMANDU :Nepali rupee has slumped to a historic low against the US dollar, sending jitters among importers as well as exporters, while giving migrant workers, who send money home, a reason to smile.

Nepali rupee plunged to an all-time low of 92.93 against the greenback when markets opened on Tuesday, as per Nepal Rastra Bank, after the Indian currency, with which Nepali rupee is pegged, fell to an all time low. Nepali currency was traded at 91.59 per US dollar on Monday. The previous all-time low was recorded at Rs 91.88 on June 24, 2012. 

Although slump in value of currency usually bring smiles on the faces of exporters, this theory does not apply to Nepal as most of the exportable goods -- except few like agri-based products -- are manufactured using imported raw materials. So, slump in value of Nepali currency will make both imports and exports expensive. 
However, the depreciation in value of Nepali rupee will bring smiles on the faces of remittance receivers as they will get more Nepali rupee while exchanging every US dollar.

Nepali rupee slipped to an all-time low after Indian currency fell as far as 57.98 against the dollar on Monday.

The downward pressure on Indian rupee began last month when US Federal Reserve Chairman Ben Bernanke suggested the US Federal Reserve"s quantitative easing program might begin to “taper” in September, rather than December as markets had been expecting, according to agencies.

Indian rupee also felt the pressure due to improved US job figures, which raised expectations that the US Federal Reserve quantitative easing program would peter out earlier than expected.

A Bloomberg survey showed that American employers took on 175,000 workers in May, more than the 163,000 median forecast. source-myrepublica.com

Gold price down by Rs 1200 per tola

KATHMANDU, MAY 16 - Gold price dropped sharply by Rs. 1200, sliding to Rs. 50,000 per tola in the Nepali market on Thursday.

According to the Nepal Gold and Silver Dealers´ Association, the price of the precious yellow metal was traded at Rs. 51,200 per tola on Wednesday.

Likewise, the price of silver has also dropped by Rs.26 per tola making it Rs. 864 today.

Triggered by downturn in the international market, domestic market also saw downfall in the price.

source. ekantipur.com

Jeth 1, 2070 Gold & Silver Price

Hallmark Gold-43,895/-

Tejabii Gold   -43,680/-

Silver              -754/-

(Gold price in Nepali Rupees. Per 10 grams. Source: Nepal Gold & Silver Dealers Association)

Baishakh 30, 2070 Gold & Silver Price

Hallmark Gold-44,240/-

Tejabii Gold   -44,025/-

Silver              -763.50/-

(Gold price in Nepali Rupees. Per 10 grams. Source: Nepal Gold & Silver Dealers Association)

Baishakh 29, 2070 Gold & Silver Price

Hallmark Gold-44,495/-

Tejabii Gold   -44,280/-

Silver              -771.50/-

(Gold price in Nepali Rupees. Per 10 grams.)

Baishakh 27, 2070 Gold & Silver Price

Hallmark Gold-44,670/-

Tejabii Gold   -44,455/-

Silver              -771.50/-

(Gold price in Nepali Rupees. Per 10 grams.)

Baishakh 25, 2070 Gold & Silver Price

Hallmark Gold-44,840/-

Tejabii Gold   -44,625/-

Silver              -771.50/-

(Gold price in Nepali Rupees. Per 10 grams.)

Baishakh 25, 2070 Gold Price

Hallmark Gold-44,410/-

Tejabii Gold   -44,195/-

Silver              -771.50/-

(Gold price in Nepali Rupees. Per 10 grams.)

Shortages of physical gold now a global phenomenon

Lawrence Williams -Those who precipitated the recent fall in the gold price may have unleashed a beast that will put future efforts at market manipulation way out of their control.  Physical metal is now seemingly becoming key in investors’ minds.

They are no longer putting any faith in paper gold and this is being seen in all quarters with reports from virtually all continents of demand exceeding supply of physical metal, and some hefty premiums being applied on sales of gold bullion.

Add to this particularly strong demand from Asia - reports have put the volume of deliveries into the Shanghai exchange so far this year of over 1,000 tonnes as actually exceeding estimated new mine production over the period.

Now whether this is indicative of actual Chinese demand, or perhaps a liquidation of gold held in the Western ETFs and it being moved into what might be deemed as safer depositories elsewhere is uncertain for the moment – although anecdotal evidence does suggest huge demand re-occurring at Chinese and Hong Kong retail outlets.

That other hotbed of gold demand, India, has also seen a huge upturn in demand for physical metal over the last two weeks, while Middle Eastern souks are reportedly raising premiums on bullion to almost unprecedented levels.

In terms of pure physical demand – as Ross Norman notes on

Baishakh 23, 2070 Gold Price

Hallmark Gold-44,840/-

Tejabii Gold   -44,625/-

Silver              -780.50/-

(Gold price in Nepali Rupees. Per 10 grams.)

Baishakh 22, 2070 Gold Price

Hallmark Gold-45,010/-

Tejabii Gold   -44,795/-

Silver              -780.50/-

(Gold price in Nepali Rupees. Per 10 grams.)

Baishakh 20, 2070 Gold Price

Hallmark Gold-45,010/-

Tejabii Gold   -44,795/-

Silver              -780.50/-

(Gold price in Nepali Rupees. Per 10 grams.)

Baishakh 19, 2070 Gold Price

Hallmark Gold-44,580/-

Tejabii Gold   -44,365/-

Silver              -767.50/-

(Gold price in Nepali Rupees. Per 10 grams.)

Parbati love Silver more than Gold

Nepali model and Dohori Dancer Parbati Rai says to nepalgoldmarket; 'I like silver more than Gold, because my luck favor silver.' However she mostly likes gold ornaments.

7 million yen (75,000 USD) for gold made cup and saucer set

Japanese Mika Kno enjoys coffee in a gold made cup and saucer set, priced at 7 million yen (75,000 USD) at the opening event of the "Gold Expo" exhibition at Tokyo's Matsuzakaya department store. (AFP) source : http://www.emirates247.com/news-in-images/560-000-bridal-robe-made-of-gold-2013-04-03-1.501181