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Gold price hits record high of Rs 69,640/10 gm
Gold prices gained more than 10.8% so far this year and are set for 7th consecutive daily rise
New Delhi: Gold price in India hit a record high Rs69,640 per 10 grams on MCX on Wednesday tracking a sharp increase in international prices of the precious metal, driven by the high safe-haven demand amid escalating geopolitical tensions in Central Asia and the Russia-Ukraine war.
In the international market, spot gold was up 0.2 per cent at $2,283.76 per ounce in morning trade after touching an all-time high of $2,288.09 earlier in the session. Silver prices also surged by Rs1,700 to Rs80,700 per kg.
Bullion has hit record highs consecutively since Thursday.
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