KATHMANDU: Gold and silver prices fell sharply on Wednesday, with gold dropping Rs 11,000 per tola (11.66 grams) and silver declining Rs 275, according to the Federation of Nepal Gold and Silver Dealers’ Association.

Following the decrease, gold is being traded at Rs 317,600 per tola, equivalent to 11.66 grams. Silver is priced at Rs 5,540 per tola.

The decline in the domestic market comes as gold trades at USD 5,154 per ounce in the international market on the same day.