KARACHI: The yellow metal price in global and domestic markets experienced a depression on technical grounds while trading activity remained selective as major stakeholders made some deals and remained busy manipulating future prices during the trading session. The gold price would be remained under leading hands by April 2017, metal experts opined. Gold closed at $1,227 an ounce with a $10 downward variation in value as compared to the previous trading session and domestic bullion price witnessed the same trend. Gold in tola terms was down by Rs 452 a tola to close at Rs 48,159 per tola while in grammage value, gold remained down by Rs 387 per ten grams at Rs 41,333 per ten grams, dealers said. Gold price remained in the hands of manipulators in India, Pakistan and other.
major gold buying countries, as they remained busy influencing current prices and future on speculations. The potential buyers in India and Pakistan remained busy hedging. The gold hedgers made some cautious deals.
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