Today's gold prices have risen to record peaks in Indian markets, reflecting a steady worldwide trend. Gold prices hit a new high on MCX, after contracts in August rose 0.65 percent to just over 35.409 per 10 grams. Similarly, gold contracts in October approached upper 36,000 marks when they rose to 0.7 percent to upper 35,965.
Tracking gold, silver prices also increased to ~41,218 with September agreements on MCX increasing more than 1 percent.
Gold prices today struck a six-year high on worldwide economies when rates exceeded the main $1,450 level-the first time since May 2013-after remarks from a top official of the Federal Reserve bolstered interest rate cuts expectations.
Spot gold hit $1,452.60 an ounce before it fell to $1,442 while US gold futures jumped 1.1 percent to $1,444.10 an ounce. Gold prices have so far achieved nearly 2% this week.
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