Gold price rises to Rs 282,300 per tola, silver slips to Rs 3,970

KATHMANDU: Gold prices increased in Nepal's domestic market on Tuesday, with fine gold trading at Rs 282,300 per tola, according to Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA).

Silver price, however, fell to Rs 3,970 per tola.

The latest rate for fine gold is up Rs 800 per tola from Monday, when it was Rs 281,500 per tola. Silver declined by Rs 25 per tola from Monday's rate of Rs 3,995 per tola.

On Sunday, fine gold was traded at Rs 278,500 per tola, while silver stood at Rs 3,955 per tola.

Earlier, on October 18, fine gold was quoted at Rs 290,200 per tola and silver at Rs 4,185 per tola after domestic bullion prices remained unchanged for about a week during the Dashain festival holidays.

(One tola is equivalent to 11.66 grams)