KARACHI: Yellow metal price in domestic and international market remained firm on improved demand on long and short term basis while deals on dollar-metal price parity put trading moderate, metal traders said. Leading buyers in major countries and in Pakistan made moderate deals ahead of Futures Gold price and output report besides hedgers pumped money into hedging above normal level of day-average. It may decide changes in basic prices and would signal its future course of action. Domestic bullion price witnessed same upward trend. Gold in tola term gained Rs 210 per tola to close at Rs 49,499 per tola while in grammage value, gold remained up by Rs 179 per ten grams to close at Rs 42,473 per ten grams, metal dealers said. Spot gold was quoted at $1,255 an ounce in international market, when it got support nearly $6 an ounce in modest trading session. Trading was firm in the physical sector and buyers are waiting for gold to go lower before buying again. “We can expect prices to be largely confined to a similar kind of range,” said Humayoon Ahmad Mani, senior member of Karachi Gold Market Association. Hedgers made forward deals, keeping in view gold Futures price during trading session. Gold price would remain under leading manipulators in India, Pakistan and other major gold buying countries, as they busy influencing current prices and gold Futures. 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. Published in Daily Times, July 23rd 2017.