In the commodity market the price of gold has touched a new record high.
On the Multi Commodity Exchange (MCX), August gold futures rose 1.5% or Rs. 800 to a record high of Rs. 51,833 per 10 gram. Silver prices also rallied today. Silver futures on MCX gained 5.5% or Rs. 3,400 to Rs. 64,617 per kg.
In global markets, gold prices hit a record high today as US-China tensions and a weaker US dollar. Spot gold was up 1.5% to Us dollar 1,928.40 per ounce, surpassing the previous high of Us dollar 1,920.30, hit in September 2011.
The price of sovereign gold was up by Rs. 480 at Rs.38600 per 8 gram.
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