The price of gold has dropped by Rs 1, 600 in the domestic market on Wednesday.

With the price drop, the yellow bullion is being traded at Rs 100, 600 per tola today.

According to the Federation of Nepal Gold and Silver Dealers' Association, the yellow metal was traded at Rs 102, 200 per tola on Tuesday.

Meanwhile, tejabi gold is being traded at Rs 101, 600 per tola today.

Similarly, the silver is being traded at Rs 1, 420 per tola.