Economy News - Page 2
Gold and Silver Prices Decline in Nepal as Gold Drops by Rs. 3,200 Per Tola
Gold and silver prices witnessed a decline in the Nepali market on Friday, Kartik 13. Gold dropped by Rs. 3,200 per tola, while silver fell by Rs. 105 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Binance Hit by $6.3 Billion Cyberattack in One of Crypto’s Biggest Security Breaches
Binance has reportedly suffered a massive cyberattack involving approximately $6.3 billion in digital assets. While nearly half of the affected funds have reportedly been frozen with assistance from other crypto companies, Binance has assured users that it will cover all customer losses.
Mustang’s Apple Production Hits Rs. 1.15 Billion, Rises 5.29%
Mustang has produced 7,038.54 metric tons of apples worth an estimated Rs. 1.15 billion this year, marking a 5.29% increase compared to last year, according to preliminary government data.
Gold Price Rises by Rs 300, Silver Drops by Rs 50 per Tola in Nepal
Gold prices increased by Rs 300 per tola in the Nepali market on Thursday, while silver prices declined by Rs 50 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Birgunj Customs Office Exceeds Monthly Revenue Target, Collects Rs 26.73 Billion
Birgunj Customs Office collected Rs 26.73 billion in revenue in Ashoj, surpassing its monthly target by 1.02 percent, although its cumulative collection for the first three months of the fiscal year remained below target.
Gold Price Rises by Rs. 800 per Tola, Silver Declines
Gold prices in the Nepali market increased by Rs. 800 per tola on Tuesday, Kartik 10, while silver prices fell by Rs. 25 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Gold Price Rises by Rs. 1,700 Per Tola in Nepal, Silver Gains Rs. 115
Gold prices in Nepal increased by Rs. 1,700 per tola, reaching Rs. 2,90,100, while Tejabi gold also rose to Rs. 2,89,400 per tola. Silver prices climbed by Rs. 115 per tola to reach Rs. 4,150, according to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA).
Dashain Cash Rush: Rs. 63 Billion Added to Nepal’s Currency Circulation in Ashwin
Nepal’s cash in circulation has climbed to Rs. 857 billion ahead of Dashain, marking an increase of Rs. 63 billion in Ashwin. Meanwhile, approximately Rs. 13 billion worth of new and clean banknotes has been exchanged through Nepal Rastra Bank and commercial banks as households prepare for the festive season.
Nepal’s Economy Grows 3.85% as Public Debt Climbs to Rs 2.98 Trillion
Nepal recorded real economic growth of 3.85% in FY 2025/26, with its GDP reaching Rs 6.6 trillion, according to the Ministry of Finance’s annual Economic Bulletin. While remittance inflows and foreign exchange reserves increased substantially and the budget deficit narrowed, public debt rose to 45.18% of GDP and capital expenditure fell to a five-year low.
Gold and Silver Prices Slide in Nepal as Gold Drops Rs 1,100 per Tola
Gold prices in Nepal fell by Rs 1,100 per tola, while silver declined by Rs 220 on Thursday, Ashoj 29. According to the Federation of Nepal Gold and Silver Dealers’ Association, gold was traded at Rs 288,400 per tola and silver at Rs 4,035 per tola, extending the recent downward trend in precious metal prices.
IMF Projects Nepal’s Economic Growth at 3.6% in 2026, Lags Behind Asian Average
The International Monetary Fund (IMF) has projected Nepal’s real GDP growth at 3.6% in 2026, down from an estimated 4.4% in 2025. While economic growth is expected to remain sluggish, Nepal’s current account surplus is projected to strengthen significantly, alongside a decline in consumer inflation.
Mountain Energy Nepal Announces 20% Bonus Shares and 1.0526% Cash Dividend
Mountain Energy Nepal Limited (MEN) has announced a 20% bonus share distribution and a 1.0526% cash dividend to cover tax liabilities for its shareholders. The company has also scheduled its 13th Annual General Meeting (AGM) for November 6, 2026, subject to the corresponding Nepali calendar date of Kartik 20.