Gold price drops by Rs 1, 600 on Tuesday

KATHMANDU: The price of gold has plummeted by Rs 1,600 per tola in the domestic market on Tuesday.

With the drop in price, the precious yellow metal is being traded at Rs 92,300 per tola today.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the bullion was traded at Rs 93,900 per tola on Monday.

Similarly, the price of silver has decreased by Rs 15 in the domestic market. The Association said that the silver is being traded at Rs 1,255 per tola.