Spot gold gained as much as 0.4% to a record US$1,831.60 an ounce. December-delivery futures rose as much as 0.7% to an all-time high of US$1,834.40 an ounce. Gold prices continued to shine (both locally as well as globally), as concerns about the health of the global economy drove investors to the safety of the yellow metal. A weak rupee also added to the precious metal's luster. Gold prices rose for a fifth day, as forecasts for a slower global economic expansion, including in India and China, added to signs that major regions of the world may be weakening. Spot gold gained as much as 0.4% to a record US$1,831.60 an ounce. December-delivery futures rose as much as 0.7% to an all-time high of US$1,834.40 an ounce. Gold futures for December delivery jumped US$28.20, or 1.6%, to settle at US$1,822 at 1:45 p.m., on the Comex in New York, closing at an all-time high for the third straight day.

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