KATHMANDU: Gold price has continued to rally in the domestic market with an increase of Rs 500 per tola (11.664 grams) on Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of the precious yellow metal reached 70,000 per tola today, to record an all-time high.

Earlier on Wednesday, the gold price had increased by Rs 500 to reach Rs 69,500.

Likewise, the price of silver increased by Rs 15 and reached Rs 825 per tola today.

FENEGOSIDA said that the increase in the price of the yellow metal is attributed to its price hike in the international market as Federal Reserve lowered interest rates for the first time in more than a decade.