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Gold slips to Rs 48,857 per 10 grams

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KARACHI: Gold slipped by Rs 214 to Rs 48,857 per 10 grams in the local market Monday as its international price dropped to $ 1,650 an ounce, market sources said.

According to Karachi Saraf Association official, tola (11.664 grams) price also decreased by Rs 250 to Rs 57,000.

Silver closed lower at Rs 900 per 10 grams.

Copyright APP (Associated Press of Pakistan), 2012