Mumbai: Price of sovereign gold touched an all-time high today. Sovereign gold is trading at Rs 45,600, up by Rs 400 per 8 gram. Yesterday, the yellow metal gained by Rs 640 per 8 gram.
Gold rate today opened higher on Multi Commodity Exchange (MCX). The yellow metal went on to hit new life-time high of Rs 61,490 per 10 gram. The gold price has been rising after the US Fed’s rate hike announcement by 25 bps on Wednesday.
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In the international markets, price of spot gold rose 0.8% at 2,055.54 per ounce. U.S. gold futures were up 1.3% at $2,063.20.
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