The price of gold has dropped by Rs 1, 200 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 116, 500 per tola today. It was traded at Rs 117, 700 per tola on Tuesday.

Meanwhile, tejabi gold is being traded at Rs 115, 950 per tola. It was traded at Rs 117, 150 per tola.

Similarly, the price of silver has dropped by Rs 30 and is being traded at Rs 1,365 per tola today.