Gold Price In Historic Height

Gold price touched historic high of Rs 20,835 per 10 gram — over Rs 24,300 per tola (11.664 gram) — in the domestic market on Friday, the closing day of the week. If the current bullish trend continues, soon the price will cross Rs 25,000 per tola in the domestic market, according to the gold traders. Due to the huge price rise in crude prices that touched the historic high of $110 per barrel, slow down of US economy, weak global stock market and further weakening of dollar has been pushing the price of gold up in the last months. The price of oil is up by 256 percent in the past five years. In the international market also, Gold has hit a new milestone Friday, rising to $1,000 an ounce for the first time. The price of gold has jumped nearly 20 percent since the start of the year after rising nearly 32 per cent in 2007. Lower interest rates — and the prospect of more rate cuts by Fed — bringing the dollar's value down makes dollar-based commodities like gold cheaper for foreign buyers. The weak currency has also made gold more attractive because the metal is a hedge against inflation, according to experts. Leading dailies report

Breaststroke record for Rimal

KATHMANDU

Bibidha Rimal set a new national record in women's 100m breaststroke in Fourth Pramod Memorial Age Category and Open Swimming Championship on Thursday.
Rimal bettered own national record of 1min 28.87secs that she set in the Tenth South Asian Games to set a new national record of 1min 27.54secs. Nayana Shakya and Sudha Shrestha stood second and third respectively.
likewise, in women's 50m butterfly, Nayana Shakya stood first at 36.13secs while Bibidha Rimal and Karishma Karki followed at second and third place respectively. Meanwhile, Karishma Karki won 100m backstroke while Chandra Mahato won men's 100m butterfly event. Sailesh Rana completed a hat trick of titles taking men's 100m freestyle event and men's 50m freestyle to go with 50m breaststroke that he won finishing ahead of Shanta Kumar Rai and Prasiddha Jung Shah who stood second and third respectively.
In men's 50m backstroke, Pushpa Lal Shahi claimed first position while Kisim Lal Tharu and Sailesh Rana stood second and third respectively.
Other winners: Girls' U-14 50m breaststroke - Surangana Bomjan; Girls' U-10 50m breaststroke - Shristi Piya; Girls' U-17 50m freestyle - Dristi Bam; Girl's U-12 50m breaststroke - Jenisha Malla; Boys' U-12, butterfly - Sugam Khadka; Boys' U-17 50m backstroke - Tek Bahadur Tamang; Boys' U-14 50m breaststroke - Saran Sunuwar; Boys' U-10 50 m freestyle - Sirish Gurung

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