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

The price of gold dropped by Rs 2,000 per tola (11.66 grams) compared to the previous trading day. Gold, which was traded at Rs 317,000 per tola on Wednesday, is now being traded at Rs 319,000 per tola.

Similarly, the price of silver fell by Rs 205 per tola. Silver, previously traded at Rs 5,515 per tola, is now being traded at Rs 5,720 per tola.