A decrease of Rs 1,100 has been witnessed in the price of the yellow metal, on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers' Association (FeNeGoSiDA), fine gold was priced at Rs 90,900 per tola on Tuesday, as opposed to today wherein it is being sold at a slashed price of Rs 89,800 per tola.

Similarly, the price of tejabi gold has experienced a downfall of Rs 1,050 and stands at Rs 89,350 per tola today while it was being sold at Rs 90,400 per tola yesterday.

In the same manner, silver has cheapened by Rs 20 per tola as compared to Tuesday, and is priced at Rs 1,340 per tola today.