KARACHI: Yellow metal price in the domestic and international market remained on an upward correction with slight improvement in physical retail price as it was traded in an open band, according to metal traders.
They added that investors in leading trading countries and in Pakistan made deals on Gold Future speculation level and avoided any big move.
Domestic bullion price witnessed an upward trend. Gold in tola terms went up by Rs 141 per tola to close at Rs 48,749 per tola while in grammage value, gold remained firm by Rs 122 per ten grams to close at Rs 41,839 per ten grams, dealers stated.
Spot gold was quoted at $1,243 an ounce, when it raised nearly $11 in karat selective trade.
Trading was light in the physical sector and buyers are waiting for gold prices to go further down before buying again.
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