KATHMANDU: Gold price decreased by Rs 500 per tola in the domestic market today.

According to the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been set at Rs. 112,300 per tola, while standard gold is being traded at Rs. 111,750 per tola.

The precious yellow metal was valued at Rs. 112,800 per tola, and standard gold at Rs. 112,250 per tola on Friday.

In the same vein, the price of silver stands at Rs. 1,465 per tola today.

The Federation determines the prices of gold and silver in the domestic market daily, taking into account the rates in the international market.