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Gold price hits record high of Rs. 32,526/10gm

On Monday, gold traders kept to the sidelines waiting resumption of imports, even as prices hit their highest level in more than nine months

August 27, 2013 12:44 IST | India Infoline News Service
Gold price hit its all-time high of Rs 32,526 per 10 grams Tuesday on sustained buying as rupee plunged to its new record low of 66 against the US dollar.

At the Multi Commodity Exchange (MCX), gold for delivery in October gained further by Rs 650 to Rs 32,526 per 10 grams as against its previous close of Rs 31,876.

On Monday, gold traders kept to the sidelines waiting resumption of imports, even as prices hit their highest level in more than nine months.

India is likely to re-start imports this week after the Reserve Bank of India (RBI) clarified a new rule that brought the flow of gold into the world's top gold consumer to a stand-still at the end of July.



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