Gold prices rose sharply by Rs. 3,600 per tola in Nepal on Sunday, while silver also gained Rs. 50 per tola as precious metals continued to trade at elevated levels in the international market.
Non-Resident Nepalis (NRNs) say they are eager to invest in Nepal, but complicated legal procedures and concerns over investment security continue to discourage them. Participants at the 11th Asia-Pacific Conference in Guangzhou urged the government to create a simpler, faster and more reliable investment environment.
Gold prices fell by Rs. 4,600 per tola and silver by Rs. 90 per tola in the Nepali market, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Gold prices declined by Rs. 500 per tola in the Nepali market on Thursday, while silver became Rs. 5 more expensive per tola.
Finance Minister Dr. Swarnim Wagle says the government’s new budget is designed to increase domestic revenue, reduce dependence on borrowing, and drive national development through Nepal’s own income.
Gold and silver prices declined in the Nepali market on Wednesday, with gold falling by Rs. 1,200 per tola and silver dropping by Rs. 35 per tola.
The Nepal Layers Poultry Farmers Association has raised the support prices of eggs following a rise in market demand and a decline in production after bird flu outbreaks and poultry deaths.
Crude oil prices climbed after peace talks between the US and Iran over a ceasefire and the reopening of the Strait of Hormuz ended without a breakthrough, while Asian stock markets remained subdued amid persistent inflation uncertainty.
Gold and silver prices recorded a sharp rise in the Nepali market on Tuesday, with gold increasing by Rs. 6,400 and silver by Rs. 135 per tola.
The price of gold declined by Rs. 200 per tola in the Nepali market on Monday, while silver became more expensive by Rs. 25 per tola.
Finance Minister Dr. Swarnim Wagle is holding a special discussion with representatives of 20 major multinational companies operating in Nepal to gather suggestions on budget implementation, business challenges, investment expansion, employment generation, and policy facilitation.
Finance Minister Dr. Swarnim Wagle has reaffirmed the government’s commitment to treating the private sector as a key partner in nation-building, with a focus on investment protection, policy stability, production, reinvestment, and job creation.