Gold price falls by Rs 4,800 to Rs 309,400, silver to Rs 5,270

KATHMANDU: The local market has seen a decrease in the prices of gold and silver today compared with Friday, with gold down by Rs 4,800 per tola (11.66 grams) and silver down by Rs 225.

According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the current price of fine gold stands at Rs 309,400 per tola, and silver is priced at Rs 5,270 per tola.

Last Friday, the trading price for one tola of gold was Rs 314,200, and silver was Rs 5,495. On Thursday, gold was valued at Rs 317,000 per tola, with silver at Rs 5,515.

International reports indicate that one ounce of gold is currently trading at $5,023, with one ounce of silver at $81.