KARACHI: Gold price on Saturday declined by Rs 700 per tola on the local market.

The precious metal per tola scaled down to Rs 115300, following Rs 700 fall in its value.

Gold price per 10 grams also dropped by Rs 600 to Rs 98851 on the local market.

Value of the yellow metal per ounce was cited $1952, down by $6 on the world market.

Silver was traded for Rs 1250 per tola, Rs 1071.67 per 10 grams and $25.60 per ounce, traders said.

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