Gold prices continue to hit records in Japan

Gold prices have reached a record high in Japan.

According to Report, Tanaka kikinzoku, one of Japan's biggest companies in precious metal trade, set the price of $70.54 for a gram of gold. This makes the gold prices 3.4% or $2.36 higher than in April this year.

The gold prices are driven up by the bankruptcy of a number of US and European banks. Further growth may be linked to decline in Japanese currency rate.