Gold plunged by Rs 772 to close at Rs 50,142 per 10 grams in the local market Monday as its international price dipped to $ 1,717 an ounce, market sources said.

According to Karachi Saraf Association official, tola (11.664 grams) price also plummeted by Rs 900 to close at Rs 58,500.

Silver closed lower at Rs 925.71 per 10 grams.