KATHMANDU: Gold price decreased by Rs 1,700 in the domestic market today.

According to the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs. 111,600 per tola and standard gold is traded at Rs 111,050 per tola.

The precious yellow metal was traded at Rs. 113,300 per tola and standard gold at Rs 112,750 per tola on Friday.

Similarly, the price of silver is fixed at Rs 1,415 per tola today.

The Federation fixes the prices of gold and silver in the domestic market on a daily basis based on the price rates in the international market.