KARACHI: The yellow metal price in international and domestic markets witnessed a sluggish price trend on technical grounds, metal traders said. The interest of leading trading groups remained insignificant however hedgers with liquidity consolidated their long positions to make gains, metal traders said. Gold closed at $1,253 an ounce with $1 an ounce downward change compared to the previous day’s price while domestic bullion price also witnessed same trend. Gold in tola terms was down by Rs 80 per tola and stayed at Rs 49,201 per tola while in grammage value, gold closed at Rs 42,257 per ten grams with a Rs 63 an ounce downward correction, metal dealers said. The buyers with liquidity kept maintaining gold price along with gold hedgers as they remained busy in manipulating trade and buyers with limited liquidity in anticipating a further decline, the general price remained cautious for making any deal. The potential buyers at home remained confident about the dollar-rupee parity and oil prices fall would keep gold prices within buyers’ reach. Secondary buyers made deals according to their immediate need while general buyers remained on sideline. Domestic trading in gold remained dull on back of insignificant buying.