Upward rally continues in gold markets

Bullish trend continues in gold prices in local and international markets as gold hit record high of Rs 38,400 per tola in Pakistan on Tuesday. Gold prices surged by Rs 1200 per tola in local markets whereas price of 10 grams increased to Rs 32,914, up Rs 1029 in local markets including Karachi. In international markets, gold price increased by $32 per ounce to reach $1195.