Mumbai, Feb 19: On Thursday, Feb 19, the surging gold prices witnessed another record high of Rs 15,800 per 10 gram in the national capital, in line with the global rates on speculation that the global recession will worsen.
Experts said that the yellow metals price soared after the global equity and forex markets dropped in the recent past. They further said that the investor have no other option but to put their funds in the precious metal. At the same time the individual buying for the current marriage season declined substantially.
The similar trend was witnessed in the regional bullion markets across India. In Kolkata the gold opened at a record high of Rs 15,925 per 10 gram.