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gold-bar_400KARACHI: Gold slipped by Rs 257 to close at Rs 50,314 per 10 grams in the local market Monday as its international price dropped to $ 1,698 an ounce, market sources said.

According to Karachi Saraf Association official, tola (11.664 grams) price also decreased by Rs 300 to Rs 58,700.

Silver closed lower at Rs 972.85 per 10 grams.

Copyright APP (Associated Press of Pakistan), 2012

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