RECORDER REPORT

KARACHI: Gold price on Thursday slumped by Rs 2300 to Rs 102800 per tola on the local market, traders said.

From a historic high, gold prices nosedived to Rs 88134 per 10 grams by Rs 1972 on the local market and $1762 an ounce, down by $15 on the world market. Silver was traded for Rs 1050 per tola, Rs 900.20 per 10 grams and $17.65 an ounce, they said.