Gold hits record high, at Rs 34,600

The trend of increase in gold prices continue in local and international markets as gold hit record high of Rs 34,600 per tola in Pakistan on Tuesday.Gold prices surged to Rs 34,600 per tola, up Rs 100 whereas price of 10 grams increased to Rs 29,657, up Rs 82 in local markets including Karachi. In international markets, gold price increased by $6 per ounce to reach $1101. The continuous decline of dollar value is causing surge in gold buying and the prices are increasing.