KARACHI: Gold prices witnessed slight upward correction on future output outlook in the international and domestic market following a technical surge by $6 per ounce in international market. According to gold dealers the bullion price in Karachi recorded Rs 192 per ten gram increase to Rs 40,549 per ten grams. Similarly gold prices in Lahore stood Rs 40,550 per ten grams, in Hyderabad it remained Rs 40,542 per ten grams and in Multan it stood around Rs 40,547 per ten grams, they said. In rupee term per tola, gold up by Rs 223 per tola to stay at Rs 47,246 per tola, traders said. Humayun Ahmad Mani, a dealer attributed the steadiness in gold prices to the moderate investment and demand by strong investors. He said fund managers also pumped money into soft commodities. He said gold would remain in range of $1,225 an ounce and the commodity in rupee term would stand around Rs 48,100 a tola on the back of moderate interest of the investors as they prefer to allocate money to sectors that would make money, either in stocks or in share market. The gold hedgers made some cautious deals. The general buyers remained on sidelines anticipating further easing in price in coming days on dollar-rupee parity. Buyers made deals according to their immediate needs. Local trading in gold remained dull on back of insignificant buying.