KARACHI: Yellow metal price remained dull in international and domestic bullion market on Futures correction and dull trading as metal speculators feared better output and prolonged overall international inflationary conditions. Gold was trading at $1,343 an ounce with $1 downward correction. In tola terms gold declined by Rs 137 a tola to stay at Rs 58,177 and in per grammage value, it stood dull by Rs 117 to stay at Rs 49,993 per ten grams, metal dealers said. The low demand of yellow metal in international and domestic markets and downward correction in Futures put metal prices depressed. However buyers consolidated their long positions by making forward deals. Gold price was still within the reach of buyers in international and domestic markets during trading session. Buyers and hedgers in markets have control over gold Futures and traders remained on sidelines in making forward deals. The gold hedgers made some cautious deals. The general buyers remained on sidelines anticipating further easing in price in coming days on dollar-rupee parity. Buyers made deals according to their immediate needs. Local trading in gold remained dull on back of insignificant buying. staff report Published in Daily Times, April 18th 2018.