The yellow metal price in global and domestic markets remained under pressure on back of technical correction besides business activity remained insignificant on gold Futures manipulation by major stakeholders during trading session. The gold price would be remained under leading hands by December 2018. Gold closed at $1,225 an ounce with $4 upward variation in value as compared to previous trading session while domestic bullion price witnessed downward trend. Gold in tola term down by Rs 639 a tola to close at Rs 60,400 per tola while in grammage value, gold remained down by Rs 520 per ten grams to Rs 51,767 per ten grams. The manipulators in India, Pakistan and other major gold buying countries remained in driving seat for controlling gold Futures. They remained busy influencing current prices and Futures on speculations. The potential buyers in India and Pakistan avoided big move on matter of hedging. The gold hedgers made some cautious deals. The general buyers remained on sidelines anticipating 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, October 16th 2018.