Gold hits record high of Rs 176,800 per tola

KATHMANDU: The price of gold has set a new record in the domestic market today.

The price of the yellow metal, which was Rs 176,200 per tola (11.66 grammes) on Friday, has increased by Rs 600 today to reach Rs 176,800, according to the Federation of Nepal Gold and Silver Dealers’ Association.

Gold is being traded at Rs 3085 US dollars per ounce in the international market today.

Similarly, the price of silver has dropped by Rs 15 per tola today and is being traded at Rs 2,025 in the domestic market.