Published on Wed, Nov 04, 2009 at 11:00 | Source : Reuters
Updated at Wed, Nov 04, 2009 at 12:19
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India's gold futures hit new high late Tue
India's front-month gold futures climbed to a record high late on Tuesday, tracking gains in the overseas market where the metal is proving to be a destination for diversifying official reserves.
India's front-month gold futures climbed to a record high late on Tuesday, tracking gains in the overseas market where the metal is proving to be a destination for diversifying official reserves.
The December contract on the Multi Commodity Exchange of India Ltd (MCX) touched Rs 16,639 ($352.5) per 10 grams, before easing to close at Rs 16,618 at 11:30 p.m. (1800 GMT). ($1=47.2 rupees)
