Gold price drops by Rs 3,900 per tola on Friday

KATHMANDU: The price of gold and silver has dropped in the domestic market today, according to the Federation of Nepal Gold and Silver Dealers’ Association.

The price of gold, which had set a record on Thursday, has dropped by Rs 3,900 per tola (11.66 grammes) today and is being traded at Rs 176,400.

It was Rs 180,300 per tola on Thursday. Similarly, the price of silver has been fixed at Rs 1,870 per tola today.

According to the Federation, gold is being traded at USD 3,105 per ounce in the international market.