Gold price rises

KATHMANDU: Gold price in the local bullion market has gone up this week. The price soared by Rs 95 per 10 gram and closed at Rs 14,265 on Friday. The trading of precious yellow metal opened at Rs 14,170 per 10 gram on Sunday. A marginal increment in crude price resulted in a slight rise of gold price in the international market, states Nepal Gold and Silver Dealers’ Association, citing the reason for price increment in the local market. The gold price rose to $655 per ounce from $663 in the international market last Friday. The price of silver also rose by three rupees per 10 gram from the opening Rs 300 to Rs 303 on the closing day. — HNS

Coffee farming

PARBAT: Farmers have been increasing the production of coffee by prioritising commercial cultivation after dry cherry coffee produced in Parbat district began to be exported abroad. The number of those who produce coffee has increased after coffee was exported to the US, Japan, and Spain through the District Coffee Entrepreneurs Association. This year a total of 30 quintals of dry cherry, including 20 quintals through the Everest Coffee Company and 10 quintals from the Planted Coffee Co was exported, said Rana Bahadur Chhetri, District Coffee Entrepreneurs Association, Parbat Convenor. Commercially, Parbat has a suitable climate for coffee cultivation in most of the VDCs, said the District Agriculture Office Parbat. Although production has increased, they still have to sell at the price of the buyers, they complained. The dry cherry produced without using insecticides is Rs 230 per kg. — RSS