Gold plunges to Rs 48,857

KARACHI: Gold plunged by Rs 685 to close at Rs 48,857 per 10 grams in the local market Saturday as its international price dropped to $ 1,610 an ounce, market sources said.

According to Karachi Saraf Association official, tola (11.664 grams) price also dipped by Rs 700 to Rs 57,100.

Silver closed lower at Rs 840 per 10 grams.