KATHMANDU: Gold and silver prices climbed sharply in Nepal on Monday, setting new records. The price of gold rose by Rs 5,200 per tola, while silver increased by Rs 280.

According to the Federation of Nepal Gold and Silver Dealers’ Association, gold reached Rs 309,000 per tola on Monday, breaking the previous record of Rs 303,800 per tola set on Sunday.

Silver prices also touched a new high, with the metal trading at Rs 6,765 per tola. On the previous trading day, silver was priced at Rs 6,480 per tola.

In the international market, gold was trading at USD 5,065 per ounce, while silver stood at USD 107.89 per ounce.