KARACHI: Gold prices on Wednesday fell on the local market, traders said.

The yellow metal price dropped by Rs 700 to Rs 103,900 per tola.

The price of gold per 10 grams reached Rs 89,078 after going down by Rs 600.

Gold price on the world market was quoted $1765 an ounce.

Silver was traded for Rs 1,350 per tola, Rs 1157.40 per 10 grams and $25.95 per ounce, traders said.

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