Gold futures hit record high of Rs 22,815 per 10 gm

Riding high on the firming global trend, gold zoomed past all previous records and climbed 1.75% to trade at Rs 22,815 per 10 grams in futures trade today.

A firming trend at the domestic markets also supported the upside in the yellow metal's prices at futures trade.  

At the Multi Commodity Exchange, gold for delivery in August surged by Rs 398, or 1.75% to trade at a record high of Rs 22,815 per kg, clocking business turnover of 382 lots. 

Likewise, the metal for delivery in June advanced by Rs 44, or 0.20% to trade at all-time high of Rs 22,164 per 10 gram, with a trade turnover of 4,691 lots.

Analysts said trading sentiments turned better on the back of a firming trend overseas, where the precious metal extended its record-breaking rally for the seventh consecutive session, buoyed by a weaker dollar and increasing tension in West Asia and North Africa.  

Meanwhile, gold gained 0.74% to $1,515.90 an ounce, a new high in the Asian trade at Singapore.