Gold price plunges by Rs 900 per tola

Gold price plunged by Rs 772 to close at Rs 49,372 per 10 grams in the local market Wednesday, market sources said. According to Karachi Sarafa Association official, tola (11.664 grams) price also dipped by Rs 900 to Rs 57,600. Reuters adds from London: Gold fell to its lowest since mid-January on Wednesday. Spot gold fell more than 2 percent to $1,642.30 per ounce by 1324 GMT.

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