KARACHI  - Gold price slipped by Rs 300 to Rs 48,471 per 10 grams in the local market Friday as its international price dropped to $ 1,630 an ounce, market sources said.

According to Karachi Sarafa Association official, tola (11.664 grams) price also declined by Rs 350 to Rs 56,550. Silver closed lower at Rs 870 per 10 grams.