Yellow metal prices close lower on dull buying

Karachi (Nov 4)  Yellow metal prices in international and domestic markets remained under correction while ready market buying prices on Gold Futures speculation and dull hedging sentiments kept metal general prices in red.

Contract buyers made deals on early delivery basis while hedgers made cautious deals on short term basis.

However secondary buyers kept their deals on daily counter prices and investors kept manipulating over stocks on Gold Futures outlook. Bottom-line prices remained uneven. Gold Futures speculation would likely to keep prices fluctuating in coming market transactions.

In international market price closed at $1,275 an ounce with a decline of $2 an ounce while in domestic bullion market price closed at Rs 50,252 per tola after a loss of Rs 122 per tola and in ten grams term, price closed at Rs 43,129 after downward correction of Rs 104 per ten grams.

DailtTimes