interest of potential buyers and hedgers provided strength to gold price besides hedging and composite gold Futures and speculation on output in international and domestic market kept yellow metal price in green, metal traders said. Demand of metal also improved on investors’ demand in the country following demand in international market, the metal traders said. According to them spot gold an ounce price was quoted up by $5 to settle at $1,199 an ounce. Bullion price in Karachi recorded a rise of Rs 105 per tola to Rs 55,625 per tola. In per ten grammage term, gold prices witnessed an increase of Rs 90 to close at Rs 47,740 per ten grams. Humayun Ahmad Mani, senior member of All Pakistan Gems Merchant and Jewellers Association attributed the increase in gold prices to boost by continued investors’ demand and rising inflation fears. He said, however cautious buying kept goldsmiths and jewellery sector from making hefty deals. Increase of gold jewellery export to United Arab Emirates and the United States was likely to increase over 10 percent in coming months if the prices of gold remained within the reach of value-added sector. The gold hedgers made deals. The secondary buyers remained on sidelines anticipating easing in price in coming days on dollar-rupee parity. Published in Daily Times, September 18th 2018.