KATHMANDU: The prices of gold and silver declined in the domestic market on Thursday.

According to the Federation of Gold and Silver Dealers’ Association, gold is being traded at Rs 292,200 per tola (11.66 grams) today, against Rs 295,100 per tola on Wednesday. The price of the yellow metal has decreased by Rs 2,900 per tola.

On Wednesday, the price of hallmark gold stood at Rs 295,100 per tola, while silver was traded at Rs 5,920 per tola.

Earlier, on Tuesday, gold was priced at Rs 284,700 per tola, and silver at Rs 5,880 per tola. Likewise, last Sunday, gold was traded at Rs 278,800 per tola, while silver was priced at Rs 5,625 per tola.

On Monday, the price of gold rose to Rs 282,000 per tola, while silver was traded at Rs 5,810 per tola.

According to international media reports, gold is trading at US$4,695 per ounce in the international market, while silver is priced at US$ 95 per ounce.