Continuing a record-breaking performance gold climbed to hit yet another high of Rs 17,075 per ten gram in futures trading on the Multi Commodity Exchange after surging to a record level of $1,143.95 per ounce in Asian trading on hopes of a weak US dollar.
At the MCX counter, gold for far-month April contract rose Rs 32 or 0.20 per cent to reach Rs 17,075 per ten gram with a business turnover of 1 lot.
The yellow metal for delivery in February month contract also traded higher by Rs 5 or 0.05 per cent at Rs 17,075 per ten gram in a turnover of 73 lots, while December month contract gained Rs 16 or 0.10 per cent at Rs 17,038 per ten gram.
Meanwhile, gold spot in Asian trading zoomed to a record high of $1,143.95 per ounce in early Asia trade supported by expectations of continued weakness in the US currency boosting the metal’s appeal as an alternative investment.
Market analysts said the trading sentiment in the domestic futures market was buoyed after the precious metal surged to a record high in Asian trading and domestic demand for ongoing marriage season picked up.