Gold Update: Prices hit record high on sell-off in equities, weak rupee

Further, kilo gold delivery volume on MCX was close to hitting a fresh five-year high of 3 tonnes in the current Aug expiry.

Aug 05, 2019 07:08 IST India Infoline News Service

Gold is trading with strong gains due to a sharp sell-off in equities and the rupee's decline against the US dollar. 

Global gold prices spiked 1% to their highest in over six years as the heightened trade war between the US and China made the yellow metal attractive.

MCX Gold for August delivery touched a record high of Rs 36,250/10gms with the rupee falling to Rs70.46/$.

Further, kilo gold delivery volume on MCX was close to hitting a fresh five-year high of 3 tonnes in the current Aug expiry. 

Silver also rose on strong domestic demand.
 

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