Updated on
Summary
The trend of increase in gold prices continued in local and international markets as gold hit record high of $1166 record surface, reported Dunya News.The gold price per ounce reached at $1166.85 with an addition of $18.25 in Hong Kong. In New York, gold price reached 1163 dollar per ounce. Analysts say that dollars decreasing value in comparison with yen and euro is resulting in high gold prices. The effects of high gold prices in international markets are also being witnessed in local Pakistani markets. In Pakistan, gold prices have crossed 37,000 rupees per tola and more addition in it is likely.
