KARACHI: The yellow metal’s price in global and domestic markets shed strength on Gold Futures speculation besides insignificant demand from metal speculators, metal traders said. The trading activity remained future-speculation based as leading stakeholders remained busy manipulating Future Gold price during the trading session, metal traders said. The Futures Gold price would be paradox as the major traders in metal dealing were missing the real output level as next three months remained speculative on price mechanism, metal experts opined. Gold closed at $1,271 an ounce with $14 an ounce downward variation in value as compared to previous trading session and domestic bullion price witnessed same trend. Gold in tola term down by Rs 479 a tola to close at Rs 49,893 per tola while in grammage value, gold remained dull by Rs 411 per ten grams to Rs 42,821 per ten grams, metal dealers said. The gold price remained in the hands of leading manipulators in India, Pakistan and other major gold buying countries, as they remained busy influencing current prices and gold Futures. The potential buyers in India and Pakistan remained busy in hedging. 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.