KATHMANDU: Gold price has declined by Rs 600 in the Nepali market today.

According to the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 118,900 per tola and standard gold is traded at Rs 118,350 per tola.

The precious yellow metal was valued at Rs. 119,500 per tola, and standard gold at Rs. 118,950 per tola on Friday.

Similarly, the price of silver has also gone down by Rs 20 and fixed at Rs 1,395 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.