Gold price down by Rs 1,200 per tola

The price of gold has decreased by Rs 1,200 per tola in the local market today. A tola is equivalent to 11.66 grammes.

According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold is now being traded at Rs 152,100 per tola, down from Rs 153,000 per tola on last Friday.

Likewise, the price of silver has fallen by Rs 45 per tola. The silver is being traded at Rs 1,750 per tola compared to Rs 1,795 per tola on last Friday, said the Association.