KATHMANDU: Gold price increased by Rs 500 per tola in the Nepali market today.

According to the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 123,500 per tola and standard gold is traded at Rs 122,900 per tola.

The precious yellow metal was traded at Rs. 123,000 per tola, and standard gold at Rs. 122,400 per tola on Tuesday.

Similarly, the price of silver has been fixed at Rs 1,440 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.