KATHMANDU: Gold and silver prices set new records on Monday. The price of gold increased by Rs 4,200 per tola.

According to the Federation of Nepal Gold and Silver Dealers’ Association, gold has been fixed at Rs 282,000 per tola for the day. On the previous day, gold was traded at Rs 277,800 per tola.

Earlier, last Wednesday, gold had set a record high of Rs 278,000 per tola. That record was broken on Monday.

Silver prices also reached a new high. Silver, which was traded at Rs 5,625 per tola the previous day, rose by Rs 185 to reach Rs 5,810 per tola on Monday. Previously, silver had recorded its highest-ever price of Rs 6,655 per tola last Wednesday.