KARACHI  - Gold price jumped by Rs 429 to close at Rs 51,000 per 10 grams in the local market Saturday as its international price soared to $ 1,692 an ounce, market sources said.

According to Karachi Sarafa Association official, tola (11.664 grams) price also surged by Rs 500 to Rs 59,500. Silver closed higher at Rs 900 per 10 grams.