The gold price at the local market observed a hike of Rs 100 while soaring to Rs 50,000 per tola

LAHORE  – Most of the Asian markets observed hike up to $ 6.20 in gold prices as the price soared to $1187.30 per ounce, reported Dunya News.

However, the local markets observed a relatively low increase in gold prices in comparison to international markets.

The gold price at the local market observed a hike of Rs 100 while soaring to Rs 50,000 per tola.

As far as the price of 10 grams gold in the local market is concerned, the rise has been observed to Rs 86 as the price was recorded to be Rs 42,857.

Economists are of the opinion that the rise of gold prices has been due to the decline in dollar prices quite recently.