Gold and silver prices declined in Nepal's local bullion market on Sunday compared to the previous trading session.

According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the price of hallmark gold has decreased by Rs 1,800 per tola, bringing it down to Rs 283,200 per tola.

Similarly, the price of silver has fallen by Rs 45 per tola and is now trading at Rs 4,315 per tola.

On the previous trading day (Friday), hallmark gold was priced at Rs 285,000 per tola, while silver traded at Rs 4,360 per tola. On Thursday, gold was traded at Rs 284,000 per tola and silver at Rs 4,310 per tola.

In the international market, gold is trading at around USD 4,063 per ounce, while silver is trading at approximately USD 58 per ounce, according to international media reports.