KARACHI: The gold price in international and domestic markets remained under depression on back of dull demand while hedging put market under mixed sentiments.
Price remained favourable for buyers in international and domestic markets during trading session and gold closed at $1,313 an ounce with $9 downward variation while domestic bullion price also witnessed same trend.
Gold in tola term down by Rs 355 per tola to stay at Rs 51,554 per tola while in grammage value, gold down by Rs 305 per ten grams to close at Rs 44,246 per ten grams respectively, dealers said.
The general gold price remained firm as potential traders in international and domestic markets made deals and there were some signs of steady market in coming days ahead of buying festivities in India and Pakistan. The potential buyers remained busy in hedging as they were maintaining the market mechanism.
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.
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