KARACHI – Price of gold dropped by $15 to reach $1227 per ounce in international market.

The downward trend was also witnessed in the local market where price of gold dipped by Rs 300 per tola to reach Rs 50,300 per tola.

Similarly, the price of 10 gram of gold fell by Rs 257 to Rs 43, 114.

However, price of silver remained unchanged at Rs 760 per tola.