Kathmandu : Gold price has set a new record in the domestic market, with the precious metal being traded at Rs 318,800 per tola (11.66 grammes) today. Similarly, silver price has also reached an all-time high, trading at Rs 7,300 per tola.

According to the Nepal Gold and Silver Dealers’ Association, gold was traded at Rs 309,300 per tola on Tuesday and the price surged by Rs 9,500 per tola in a single day. Likewise, silver, which was traded at Rs 6,870 per tola on Tuesday, has also seen a significant rise.

International media reports indicate that gold is currently being traded at USD 5,200 per ounce in the international market, while silver is priced at USD 111 per ounce.