KARACHI: The yellow metal price in global and domestic markets witnessed Futures correction to keep physical prices on diffident level besides to avoid any possible panic on anticipating output on cards, metal traders said. Trading activity remained dull on Gold Future-speculation, however hedgers in major bullion markets made forward deals, keeping in view Gold Futures price during trading session. The Futures gold price would be in hands of leading brokers by end year 2018, metal experts opined. Gold closed at $1,287 an ounce with $8 downward variation in value as compared to previous trading session and domestic bullion price witnessed same trend. Gold in tola term flattened by Rs 274 per tola to close at Rs 55,735 per tola while in grammage value, gold remained dull by Rs 245 per ten grams to close at Rs 47,835 per ten grams, metal dealers said. Gold price would remain under leading manipulators in India, Pakistan and other major gold buying countries, as they busy influencing current prices and gold Futures. The potential buyers in India and Pakistan remained busy in hedging. 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. Published in Daily Times, May 22nd 2018.