KATHMANDU: Gold price increased 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. 112,700 per tola, while standard gold is being traded at Rs. 112,150 per tola.

The precious yellow metal was valued at Rs. 112,200 per tola, and standard gold at Rs. 111,450 per tola on Tuesday.

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.