The price of gold rose sharply again on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is trading at Rs304,700 per tola (11.663 grams), up from Rs290,300 on Tuesday, an increase of Rs14,400.

Silver also saw a rise, climbing from Rs5,500 per tola on Tuesday to Rs5,600 on Wednesday.

In the international market, spot gold reclaimed the $5,000 level, rising 1.5% to $5,014.31 an ounce, while silver increased 1.7% to $86.57 an ounce, Reuters reported.