KARACHI: Yellow metal prices in international and domestic markets recovered on interest of hedgers and buyers. Gold Futures also helped keeping prices on firm note. Ready market buying prices were attractive for buyers while investors and hedgers made deals on short term basis. Gold Futures speculation and output outlook report remained a factor that kept prices on rise. Contract buyers purchased metal on daily counter price basis while output outlook report would keep metal price fluctuating in next coming trading sessions. The secondary buyers made deals on daily counter prices while general buyers bought metal according to their needs.
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 $1,257 an ounce after upward change of $16 an ounce and in domestic bullion market metal closed at Rs 51,625 per tola after gaining Rs 742 per tola and in ten grams term, price closed at Rs 44,307 after an increase of Rs 637 per ten grams.
Published in Daily Times, December 15th 2017.