KATHMANDU: Prices of gold and silver declined in the local market on Friday, according to the Federation of Nepal Gold and Silver Dealers’ Association.

The price of gold dropped by Rs 4,200 per tola (11.66 grams) compared to the previous trading day. Gold, which was traded at Rs 317,600 per tola on Wednesday, is now being traded at Rs 313,400 per tola.

Similarly, the price of silver fell by Rs 95 per tola. Silver, previously traded at Rs 5,540 per tola, is now being traded at Rs 5,445 per tola.