Gold price up Rs 1,300 per tola, silver up Rs 45

Gold and silver prices rose in the local market on Monday. The price of gold increased by Rs 1,300 per tola, while silver rose by Rs 45 per tola.

According to the Nepal Gold and Silver Dealers' Association, hallmark gold is trading at Rs 284,300 per tola today.

Ratopati reported that gold prices in the international market also rose by more than 1 percent in a single day on Monday. The rise was attributed to easing inflation worries as crude oil prices fell, along with a weaker US dollar.

In Nepal, the daily price of gold and silver is set by the Nepal Gold and Silver Dealers' Association.