KARACHI: Gold slipped by Rs 128 to Rs 48,514 per 10 grams in the local market Thursday as its international price dropped to $ 1,640 an ounce, market sources said.

According to Karachi Saraf Association official, tola (11.664 grams) price also declined by Rs 150 to Rs 56,600.

Silver closed lower at Rs 891.42 per 10 grams.