KATHMANDU: The Nepali gold market witnessed yet another milestone as the price of gold surged to a new all-time high.

The price of gold increased by Rs 1,600 per tola in the Nepali gold market today.

According to the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 131,600 per tola and standard gold is traded at Rs 130,950 per tola.

The precious yellow metal was traded at Rs. 130,000 per tola, and standard gold at Rs. 129,400 per tola on Sunday.

Similarly, the price of silver has been fixed at Rs 1,535 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.