Gold price retains value on investment interest, hedging

Author: Staff Report

KARACHI: Yellow metal prices in international and domestic markets sustained value on short term buying and hedgers’ interest while technical correction on Gold Futures speculation put trading at market stable.

Hedging and speculations on future market outlook baseline price put metal prices in comfort frame.

In international market price remained firm by $1 an ounce upward correction and stayed at $1,297 an ounce while in domestic bullion market price increased by Rs 61 a tola to stay at Rs 51,225 per tola and in ten grams term, price closed at Rs 43,964 with a increase of Rs 52 per ten grams.

Published in Daily Times, September 24th 2017.

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