KATHMANDU: Gold price increased by Rs 300 per tola in the domestic market on Wednesday, setting a new high of Rs 98,500 per tola (11.664 grams).

According to Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA), hallmark gold is being sold for Rs 98,500 per tola today.

The price of hallmark gold was Rs 98,200 per tola on Tuesday. Similarly, tejabi gold is being traded at Rs 98,065.

Likewise, the price of silver has decreased by Rs 20 today to reach Rs 1,225 per tola.