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The price of gold has dropped by Rs 100 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 196, 700 per tola today. It was traded at Rs 196, 800 per tola on Tuesday.

The price of silver, however, increased by Rs 20 and is being traded at Rs 2, 325 per tola.

The Nepal Stock Exchange (NEPSE) plunged by 24. 71 points to close at 2, 79. 92 points on Tuesday.

Similarly, the sensitive index dropped by 3. 87 points to close at 481. 54 points.

A total of 17,671,675-unit shares of 323 companies were traded for Rs 6. 91 billion.

Meanwhile, City Hotel Limited (CITY) was the top gainer today with its price surging by 9. 99 percent. Likewise, Sikles Hydropower Limited (SIKLES) was the top loser as its price fell by 9. 99 percent.

At the end of the day, the total market capitalization stood at Rs 4. 66 trillion.

The price of gold has dropped by Rs 1, 300 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 196, 800 per tola today. It was traded at Rs 198, 100 per tola on Monday.

Similarly, the price of silver has dropped by Rs 10 and is being traded at Rs 2, 305 per tola.

Nepal will make 97 of its Himalayan mountains free to climb for the next two years in a bid to boost tourism in some of its more remote areas, BBC reported.

It comes as permit fees to summit Mount Everest, the world's highest peak, during peak season will go up to $15,000 (£11,170) from September - the first increase in nearly a decade.

Nepal's tourism department said it hopes the initiative will highlight the country's "unexplored tourism products and destinations". 

Mountaineering generates a significant source of revenue for Nepal, which is home to the world's 10 tallest mountains. Climbing fees brought in $5.9m last year, with Everest accounting for more than three quarters of that, according to BBC.