KARACHI: The gold price in international and domestic markets remained firm on back of buying while hedging put market under mixed sentiments.
Price remained favourable for buyers in international and domestic markets during trading session and gold closed at $1,166 an ounce with $12 variation while domestic bullion price also witnessed firm trend.
Gold in tola term up by Rs 379 per tola to stay at Rs 44,409 per tola while
in grammage value, gold
up by Rs 360 per ten
grams to close at Rs 38,114 per ten grams respectively on Thursday, 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 for wedding and other 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.
