II:MCX gold futures touch fresh peak of Rs. 28,800
Gold futures on the Multi commodity Exchange (MCX) scaled new all-time peaks on Tuesday, tracking a relentless rally in international prices of the two precious metals amid no sign of relief on the macro-economic front.
Falling value of the rupee, which plays a major role in determining the landed cost of the dollar-denominated gold, also had an impact on gold prices.
MCX gold futures for delivery in February touched a fresh peak of Rs. 28,800.
The metal for December settlement rose by Rs. 163 to a record high of Rs. 28,519 per 10 grams, with trading volume of 121 lots.
