KARACHI: Yellow metal prices in international and domestic markets witnessed further decline in prices as interest of investors and hedgers remained insignificant. However, ready market buying prices stood attractive for buyers on limited stocks while investors and hedgers remained reluctant to make any deal on long and short term basis. Gold futures speculation and better output outlook report also kept prices in the red. Contract buyers purchased metal on daily counter price basis while output outlook report would cast some pressure on general prices of metal. Secondary buyers made deals on daily counter prices while investors remained on the sideline due to anticipated flow of metal in the market and on gold futures speculation. Bottom line prices would likely remain under fluctuation in next coming trading sessions. Gold futures speculation would likely keep prices within the reach of buyers. In international market, price closed at $1,256 an ounce, after downward change of $10. In domestic bullion market, metal closed at Rs 49,584 per tola, after shedding Rs 453. In ten gram terms, price closed at Rs 42,555, after a decrease of Rs 389.Published in Daily Times, December 8th 2017.