INSUBCONTINENT EXCLUSIVE:
Current Gold Price In India: MCX gold futures rose more than 1% during Thursday's sessionGold Rate In India: Domestic gold futures on
Thursday soared to an all-time high above the Rs 55,800 mark for the first time ever, as global rates hovered near the previous day's
Multi Commodity Exchange (MCX) gold futures, due for an October 5 delivery, appreciated by Rs 746 - or 1.35 per cent - to touch Rs 55,844 at
pandemic clouded the economic outlook and boosted bullion's safe-haven allure, though the rapid pace of gains could prompt some
profit-taking.Spot gold was last seen trading 0.50 per cent higher at $2,050.27 per ounce, having risen to an all-time high of $2,055.10 on
Wednesday.Gold rates have broken a series of records over the past few weeks amid rising COVID-19 cases around the globe and worsening ties
rate of gold jewellery stood at Rs 55,914 per 10 grams on Thursday, excluding GST, according to Mumbai-based industry body India Bullion and
Jewellers Association (IBJA).Gold jewellery prices vary in different parts of the country, due to factors such as taxes and making
yesterday, the highest level ever for a first month contract
Gold has continued to rise supported by weakness in the US dollar, lower bond yields, strong investor inflows and safe-haven buying amid
overbought and a correction cannot be ruled out if we see some recovery in US dollar," he said.
