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Gold price drops by Rs 600 per tola on Wednesday; priced at Rs 92,000

KATHMANDU: The price of gold has dropped by Rs 600 per tola today. The price of hallmark gold is Rs 92,000 per tola in the domestic market.

The price of gold and silver had been increasing since the time of the Dashain festival.

The precious yellow metal was traded at Rs 92,600 per tola on Tuesday. As per the price fixed by the Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), the price of worked gold is Rs 91,500 per tola. It was Rs 92,100 per tola on Tuesday.

The FeNeGoSiDA said the price of silver has decreased by Rs 15 per tola as compared to the price on Tuesday. Silver is traded at Rs 1,250 per tola today. It was Rs 1,265 per tola on Tuesday. The Federation is authorised to fix the price of gold and silver in the domestic market on the basis of its international price.

(1 tola is equivalent to 11.66 grams)

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