KATHMANDU: The price of gold has decreased in the market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers, the price of gold has dropped by Rs 3,000 per tola (11.66 grams) compared to yesterday.

According to the new rates set by the Federation for today, the price of bullion gold has been fixed at Rs 297,500 per tola. On Monday, gold traded at a historic high of Rs 300,500 per tola.

Similarly, The price of silver has also decreased today. According to the Federation, silver is trading at Rs 4,945 per tola, down by Rs 100. Yesterday, the price of silver was Rs 5,045 per tola.