KARACHI - Gold price slipped by Rs 300 to Rs 49,071 per 10 grams in the local market Thursday as its international price dropped to $1,640 an ounce, market sources said.

According to Karachi Sarafa Association official, tola (11.664 grams) price also dipped by Rs 350 to Rs 57,250. Silver closed lower at Rs 917.14 per 10 grams for the second consecutive day.