KARACHI: The yellow metal price in global and domestic markets remained flat on dull demand and correction in futures price put volumes thin, traders said. In domestic metal market, business activity remained subdued and majority of buyers remained on sidelines in anticipation of decline in general price, traders said. In international market the trading activity remained dull on future output outlook and leading metal speculators and hedgers remained busy in speculation on gold Futures during trading session. The Futures gold price would be in hands of leading stakeholders by December 2016, experts opined. Gold closed at $1,270 an ounce with no variation in value as compared to previous trading session and domestic bullion price witnessed same trend. Gold in tola term up by Rs 33 a tola to close at Rs 49,812 per tola while in grammage value, gold remained up by Rs 27 per ten grams to Rs 42,751 per ten grams, dealers said. Manipulators in India, Pakistan and other major gold buying countries remained busy influencing current gold prices and gold Futures. The potential buyers in India and Pakistan remained busy in hedging. However gold hedgers made some cautious deals. The general buyers remained on sidelines anticipating further 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.