Gold slipped by Rs 85 to close at Rs 50,057 per 10 grams in the local market Tuesday as its international price improved to $ 1,718 an ounce, market sources said.

According to Karachi Saraf Association official, tola (11.664 grams) price also fell by Rs 100 to close at Rs 58,400.

Silver closed lower at Rs 917.14 per 10 grams.