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Thursday, November 26, 2009

Gold at new record high

Tracking global trends and a weakening dollar, gold prices surged to set a new high of Rs 17,999 per 10 gram for June contract, just shot of historic Rs 18,000 level in futures trading on the Multi Commodity Exchange counter today.

All the four running contracts - December, February, April and June - were trading at record highs.At the MCX counter, gold for far-month June contract rose by Rs 205, or 1.15 per cent to an all-time high of Rs 17,999 per 10 gram with a turnover of one lot.

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