Gold plunged by Rs1,371 to Rs46,800 per 10 grams in the local market Wednesday, as its international price dipped to $1,610 an ounce, market sources said.

According to the Karachi Saraf Association officials, tola (11.664 grams) price also plummeted by Rs1,600 to Rs54,600.

Silver closed lower to Rs917.25 per 10 grams.