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gold1 400KARACHI: Gold declined by Rs 300 to close at Rs 48,771 per 10 grams in the local market Wednesday as its international price dropped to $ 1,595 an ounce, market sources said.

According to Karachi Saraf Association official, tola (11.664 grams) price also increased by Rs 350 to Rs 56,900.

Silver closed lower at Rs 805.71 per 10 grams.

Copyright APP (Associated Press of Pakistan), 2012

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