KATHMANDU: The price of gold increased by Rs 1,100 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 127,900 per tola and standard gold is traded at Rs 127,300 per tola.

The precious yellow metal was traded at Rs. 126,800 per tola, and standard gold at Rs. 126,200 per tola on Wednesday.

Similarly, the price of silver has been fixed at Rs 1,510 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.