KATHMANDU: The prices of gold and silver decreased in the market today, Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold plummeted by Rs 2,400 per tola (11.66 grams) to settle at Rs 284,700. On Wednesday, the precious metal had traded at Rs 287,100 per tola.

Similarly, the price of silver also registered a decline today. The Federation of Nepal Gold and Silver Dealers’ Association reported that the price of silver dropped by Rs 160 per tola, bringing the rate down to Rs 4,340. On Wednesday, silver was priced at Rs 4,500 per tola before losing Rs 160 today.