Gold hits record high

The trend of increase in gold prices continued in local and international markets as gold traded at record high of above Rs 40,000 per tola in Pakistan on Tuesday.Gold prices surged to Rs 40,165 per tola, up Rs 415 whereas price of 10 grams increased to Rs 34,437, up Rs 356 in local markets including Karachi. In international markets, gold price increased by $15 per ounce to reach $1,245. The continuous decline of dollar value is causing surge in gold buying and the prices are increasing.