KARACHI: The yellow metal price in global and domestic markets maintained stability on Gold Futures speculations and hedging on short term basis. Buyers remained inclined dealing on short term basis while better output report would force investors to pump money in commodity in coming days. Buyers in immediate needs made deals on short term basis. Long term basis deals changed hands on low web. The Gold Futures speculations would keep market in comfort zone on output outlook. Buyers bought metal on Gold Futures speculation and some forward deals were also noticed as speculators tried to keep market sentiments normal on daily-average level prices. The trading activity remained future-speculation based as market players remained busy in paper work on inventories for future dealings. The Gold Futures price would be irrational as the major traders in metal dealing were missing the real price and speculative price mechanism. Gold closed at $1,332 an ounce with $4 an ounce upward variation in value as compared to previous trading session and domestic bullion price witnessed same trend. Gold in tola term up by Rs 152 a tola to close at Rs 55,457 per tola while in grammage value, gold remained up by Rs 131 per ten grams to Rs 47,596 per ten grams. The gold price remained in the hands of leading manipulators in India, Pakistan and other major gold trading countries, as they remained busy influencing current prices and gold Futures. Secondary buyers bought metal according to their immediate needs. Local trading in gold remained dull on back of insignificant buying and liquidity issue. Published in Daily Times, January 24th 2018.