KATHMANDU: Gold and silver prices witnessed a significant decline in the Nepali market today.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold plummeted by Rs 5,100 per tola (11.66 grams), bringing it down to Rs 286,700.

Just the day before, on Wednesday, fine gold had traded at Rs 291,800 per tola.

In tandem with gold, the price of silver also dropped today. The Association reported that silver prices fell by Rs 90 per tola to settle at Rs 4,650, compared to Wednesday’s trading price of Rs 4,740 per tola.