Daily Times

KARACHI: Yellow metal prices in international and domestic markets remained firm on demand from hedgers and on Gold Futures speculations besides buying by investors on short term basis remained modest. Buyers in immediate need made deals on ready market prices and hedgers showed interest to buy metal on short term basis. Gold Futures speculation and output outlook report would remain a factor in days to come for keeping prices moving for buyers. Contract buyers purchased metal on daily counter price basis while gold output report would keep metal price fluctuating in next coming trading sessions. The secondary buyers made deals on daily counter prices while jewelry sector buyers remained cautious. Bottom-line prices will likely to remain under fluctuation in next coming trading sessions as Gold Futures speculation would likely keep prices within lower bracket in coming market contacts. In international market price closed at $1,320 an ounce after $4 an ounce upward change and in domestic bullion market metal closed at Rs 54,697 per tola after gaining Rs 284 per tola and in ten grams term, price closed at Rs 46,944 after an increase of Rs 244 per ten grams.

Published in Daily Times, February 13^th 2018.