The price of gold set a new record in the domestic market of Nepal on Friday. The price of the precious yellow metal soared coinciding with Haritalika Teej, an important festival of the Hindu women.

According to the Federation of Nepal Gold and Silver Dealers Association, the price of gold has increased by Rs 1,300 per tola (11.66 grams). The price of fine gold, which was traded at Rs 152,000 per tola on Thursday, has been fixed at Rs 153,300 on Friday.

Likewise, the price of silver has increased by Rs 30 per tola. The price of silver, which was traded at Rs 1,765 per tola on Thursday, has been fixed at Rs 1,795 on Friday.

The federation fixes the price of gold based on the  price in the international market.

Gold previously hit a record high of Rs 1,53,200 per tola on August 29.