Price of gold decreases by Rs 1,100 per tola

KATHMANDU, May 17: The price of gold has decreased by Rs 1,100 per tola in the domestic market on Wednesday.

Fine gold is being traded at Rs 110,000 per tola today. It was sold at Rs 111,100 per tola on Tuesday according to the Federation of Nepal Gold and Silver Dealers Association.

Similarly, the price of standard gold has decreased by Rs 1,050 per tola today. It is being traded at Rs 109,500 per tola today. On Tuesday, it was traded at Rs 110,550 per tola.

Meanwhile, the price of silver has also declined by RS 5 per tola to become Rs 1,370 per tola on Wednesday.