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Markets

Gold plunges to Rs51,685

Published August 29, 2011 Updated August 29, 2011 02:30pm

 KARACHI: Gold plunged by Rs429 to close at Rs51,685 per 10 grams in the local market Monday, as its international price also slipped to $ 1,820 an ounce, market sources said.

According to the Karachi Saraf Association official, tola (11.664 grams) price declined by Rs500 to Rs60,300.

Silver closed lower at Rs1,148.57 per 10 grams.

 

Copyright APP (Associated Press of Pakistan), 2011

 

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