RECORDER REPORT

KARACHI: Gold prices on Monday nosedived on the local market, traders said.

They slumped by Rs2800 and Rs2401 to Rs184500 per tola and Rs158179 per 10 grams, respectively.

Gold prices on the world market were quoted for $1915 per ounce.

Silver prices dropped by Rs20 to Rs2080 per tola and Rs17.15 to Rs1783.26 per 10 grams, traders said.-ends