Gold price rises by Rs 5,600 per tola to Rs 320,500

KATHMANDU: The local market has witnessed an increase in prices of gold and silver. Compared with last Friday, gold has risen by Rs 5,600 per tola (11.66 grams), while silver has gone up by Rs 245 per tola.

According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the price of fine gold is now set at Rs 320,500 per tola, up from Rs 314,900 per tola last Friday.

Similarly, the price of silver is now set at Rs 5,985 per tola, compared with Rs 5,740 per tola on Friday.

Internationally, reports indicate that one ounce of gold is currently trading at $5,278 and silver at $94 per ounce.