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KARACHI: Gold prices slumped on the local market Thursday following a sharp fall in the global bullion value nearing $2350 an ounce, traders said.
The precious metal lost a huge value of Rs6200 in a single day, receding to Rs242000 per ounce with Rs207476 per 10 grams, down by Rs5315.
On the world market, gold prices reached $2355 per ounce, down by $60 while silver was standing at $30.33 an ounce, traded cited.
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