The yellow metal price got some strength on Gold Future output outlook and upward technical correction in international and domestic market. Following prospective hedging price increased by $7 an ounce in international market. It closed at $1,216 an ounce. The bullion price in Karachi recorded Rs 202 per ten grams upward correction to stay at Rs 48,104 per ten grams. In per tola term, gold increased by Rs 236 per tola to stay at Rs 56,049 per tola. The gold hedgers made deals on short term basis. The secondary buyers remained on sidelines anticipating easing in price in coming days on dollar-rupee parity. Buyers made deals according to their immediate needs. Domestic trading in gold remained dull on back of insignificant buying. Published in Daily Times, August 10th 2018.