Daily Times

KARACHI: Yellow metal prices in international and domestic markets regained value on interest of investors and hedgers.

However ready market buying prices stood attractive for buyers on limited stocks while investors and hedgers made deals on long and short term basis. Gold Futures speculation and better output outlook report also a factor that kept prices green.

Contract buyers purchased metal on daily counter price basis while output outlook report would keep metal price in firm zone.

The secondary buyers made deals on daily counter prices while investors remained o sideline due to anticipated flow of metal in the market and on Gold Futures speculations.

Bottom-line prices would likely to remain under fluctuation in next coming trading sessions. Gold Futures speculation would likely to keep prices within reach of buyers in coming market contacts.

In international market price closed at $1,250 an ounce after upward change of $2 an ounce and in domestic bullion market metal closed at Rs 50,236 per tola after gaining Rs 758 per tola and in ten grams term, price closed at Rs 43,115 after a increase of Rs 651 per ten grams.

Published in Daily Times, December 12^th 2017.