KATHMANDU: Price of gold has surged to a two-year high on Wednesday.

According to the Nepal Gold and Silver Dealers' Association (NEGOSIDA), the price of gold has increased by Rs 500 per tola today and reached Rs 59, 500.

The precious yellow metal was traded at Rs. 59,000 per tola on Tuesday.

Similarly, the price of silver has increased by Rs. 10 and being traded at Rs. 920 per tola in the Nepali market today.