KARACHI  - Gold slipped by Rs 300 to Rs 49,071 per 10 grams in the local market Saturday as its international price dropped to $ 1,659 an ounce, market sources said.

According to Karachi Sarafa Association official, tola (11.664 grams) price also decreased by Rs 350 to Rs 57,250. Silver closed lower at Rs 908.57 per 10 grams.