KATHMANDU: Gold and silver prices dropped significantly in the Nepali market today.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold plummeted by Rs 3,100 per tola (11.66 grams), bringing the trading price down to Rs 282,100 per tola.

On Thursday, hallmark gold had traded at Rs 285,200 per tola.

Similarly, silver prices also experienced a decline today. The Federation reported that the price of silver dropped by Rs 125 per tola, with the metal currently trading at Rs 4,200 per tola.

On Thursday, silver was priced at Rs 4,325 per tola.