Gold futures hit record high of Rs 22,844/10 grams

Gold prices rose by Rs 68 to a record high of Rs 22,844 per 10 grams in futures trade today on brisk buying by traders in tandem with a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 68, or 0.30% to all-time high of Rs 22,844 per 10 grams, with a business turnover of two lots.

Similarly, the metal for delivery in June shot up by Rs 103, or 0.47% to Rs 21,876 per 10 grams, with a business volume of nine lots.

Market analysts said persistent buying by speculators in line with a firming global trend mainly pushed up gold futures prices to a record high.

Meanwhile, gold advanced 0.4% to $1,508.28 an ounce in Asian region.