KATHMANDU:  Gold prices in the Nepali market increased on Wednesday, according to the Federation of Nepal Gold and Silver Dealers’ Association.

The federation stated that the price of gold rose by Rs 5,800 per tola (11.66 grams) on Wednesday, reaching Rs 296,800 per tola.

On Tuesday, gold was traded at Rs 291,000 per tola for the same quantity.

Similarly, the price of silver also increased compared to Tuesday. Silver, which was traded at Rs 4,880 per tola on Tuesday, rose to Rs 5,055 per tola on Wednesday.