KARACHI: The yellow metal’s price on international and domestic markets continued to see a downward trend on technical grounds, metal traders said. The interest of leading trading groups remained dull however buyers with liquidity consolidated their long positions to make some gains, traders said. Gold closed at $1,200 an ounce with $3 an ounce downward change compared to the previous day price while domestic bullion prices witnessed same phase. Gold in tola terms was down by Rs 121 per tola and stayed at Rs 47,118 per tola while in grammage value, gold closed at Rs 40,439 per ten grams with Rs 104 an ounce, on a downward correction, dealers said. The buyers with liquidity kept maintaining the gold price as they, along with gold hedgers remained busy in manipulating the trade and buyers with less liquidity remained cautious against making any sizeable deal in anticipation of a downward adjustment in the price. The potential buyers at home remained confident dollar-rupee parity and oil prices’ continuous fall would keep gold prices within buyers’ reach. Buyers made deals according to their immediate need while general buyers remained on sideline. Local trading in gold remained dull on back of insignificant buying.