KARACHI: Yellow metal prices in international and domestic markets recovered from the correctional phase on improved hedging and Gold Futures speculation. Leading hedgers made deals on short and long term basis while investors pumped money in short term dealings in anticipation of increase in physical prices and reports of short supply of metal. However, Gold Futures speculation would likely keep buyers’ interest alive in ready market transactions. The future market outlook baseline mechanism would keep general prices in firm zone, it was said. In international market, price readjusted upwards by $3 an ounce and stayed at $1,293 an ounce while in domestic bullion market price closed at Rs 50,998 per tola, after a gain of Rs 107 per tola. In ten grams terms, price closed at Rs 43,721 after an increase of Rs 61 per ten grams. Published in Daily Times, October 13th 2017.