18 August 2011

India gold hits record high of Rs 26557/10 gms


India's benchmark gold futures on the Multi Commodity Exchange extended the previous session's gains on Thursday morning and hit a new peak of Rs 26,557 per 10 grams, tailing a rally in the world market and on a weak rupee.
At 10:22 am, the October contract was trading 0.38% higher at Rs 26,495.
International spot gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar

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