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 5,400 per tola (11.66 grams) compared to the previous trading day. Gold, which was traded at Rs 302,300 per tola on Wednesday, is now being traded at Rs 307,700 per tola.

Similarly, the price of silver has decreased by Rs 140 per tola today. According to the federation, silver is being traded at Rs 5,010 per tola today. On Wednesday, silver was traded at Rs 5,150 per tola.