KATHMANDU: Gold and silver prices witnessed a decline in the Nepali market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold dropped by Rs 1,600 per tola (11.66 grams), bringing the trading rate down to Rs 2,87,100.

On Monday, gold was traded at Rs 2,88,700 per tola.

Similarly, silver prices also decreased by Rs 140 per tola, with current trading rates at Rs 4,590 per tola compared to Monday’s rate of Rs 4,730 per tola.