Gold prices declined in Nepal’s domestic market on Wednesday, falling Rs 1,200 per tola to Rs 306,700.

According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), gold was trading at Rs 307,900 per tola on the previous day.

The price of Tejabi gold also decreased by Rs 1,200 per tola, falling from Rs 307,200 to Rs 306,000 per tola.

Silver prices moved lower as well. The price of silver declined by Rs 35 per tola to Rs 4,745, compared with Rs 4,780 on the previous day.

The latest decline comes after gold had gained Rs 6,400 per tola in the previous session.