Hedgers made some deals on reports of output that could determine Futures of Gold and bottom-line price in coming days.
Spot gold was quoted at $1,324 an ounce with $13 an ounce downward change. However leading players provided strength to physical prices on Futures speculative. The correction in spot gold price in future would influence general prices.
Domestic bullion price also witnessed same trend. Gold in tola term down by Rs 541 per tola to close at Rs 57,347 per tola while in grammage value, gold remained dull by Rs 465 per ten grams to close at Rs 49,218 per ten grams.
Published in Daily Times, March 30th 2018.
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