KARACHI: Gold prices on Friday further lowered in the local market, traders said. Another reduction of Rs 550 pulled down gold price to Rs 106,300 per tola.

Gold per 10 grams fell by Rs472 to Rs 91,135 in the domestic market.

The precious metal was quoted selling for $1724 per ounce in the world market.

Silver was traded for Rs 1,360 per tola, Rs 1,165.98 per 10 grams and $25.06 per ounce, traders said.

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