Kathmandu: The rise in the price of gold in the international market has caused a spike in the price of precious yellow metal in the local market here as well.
The price of gold has increased by Rs 5,000 per tola (11.66 grammes).

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of the yellow metal has been determined at Rs 189,800 for today.

Similarly, the price of silver has increased by Rs 50 per tola. Silver is being traded at Rs 1,990 per tola.

It may be noted that the price of gold had been stable for the past three days.
The international media reported that the gold is being traded at USD 3,321 per ounce at present.