KARACHI - Gold price slipped by Rs 257 to close at Rs 50,228 per 10 grams in the local market on Friday as its international price dropped to $1,720 an ounce, market sources said.

According to Karachi Sarafa Association official, tola (11.664 grams) price also fell by Rs 300 to close at Rs 58,600. Silver closed lower at Rs 930 per 10 grams.