KARACHI: The yellow metal price in global and domestic markets failed to recover after gaining some strength in early trading session on technical ground, traders said. Leading hedgers and brokers remained busy in future-speculations during the trading session.
The futures gold price would remain on track of correction as the metal was still in leading hands by December 2016, experts opined. Gold closed at $1,288 an ounce with $8 downward variation in value as compared to previous trading session and domestic bullion price witnessed same trend. Gold in tola term down by Rs 319 a tola to close at Rs 50,568 per tola while in grammage value, gold remained down by Rs 276 per ten grams to Rs 43,400 per ten grams, dealers said.