Gold prices hit record high, breach Rs 96,000 level

Gold prices surged by Rs 6,250 to hit a record high of Rs 96,450 per 10 grams in the national capital on Friday due to heavy demand from local jewellers and retailers, according to the All India Sarafa Association.

Analysts said the precious metal hitting lifetime high levels in the international markets on strong safe-haven demand amid escalating



US-China trade tensions boosted the domestic prices.

On Wednesday, the yellow metal of 99.9 per cent purity had closed at Rs 90,200 per 10 grams.

Rebounding after four days of sharp fall, gold of 99.5 per cent purity surged by Rs 6,250 to touch an all-time high of Rs 96,000 per 10 grams against the previous close of Rs 89,750 per 10 grams.