KATHMANDU: Gold price increased by Rs 500 per tola in the domestic market on Thursday, setting a new high of Rs 94,500 per tola (11.664 grams).

The precious yellow metal was traded at Rs 94,000 per tola on Wednesday.

Likewise, tejabi gold is priced at Rs 94,065 per tola while silver registered an increase by Rs 10 to be traded at Rs 1,145.

According to the Federation of Gold and Silver Dealers’ Association (FENEGOSIDA), bullion prices have gone high in the international market owing to the coronavirus epidemic.