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Gold glitters, trades at record high in Mumbai on peak wedding demand

Bullion traders say the actual trades are still around Rs 33,600 per 10 gram.

Topics
Gold Price Rise  |  Gold Prices  |  Gold

Rajesh Bhayani  |  Mumbai 

Gold price on Tuesday traded at an all-time high of Rs 33,310 per 10 gram in early trade in Mumbai. Such high levels were last seen in August 2013, when the Indian rupee fell against the US greenback, increasing the landed cost of gold. The reason for the high price of the yellow metal is being attributed to the peak wedding season demand.

However, the base price of standard gold failed to close above the all-time high; it closed at Rs 33,215 per 10 gram. Bullion traders say the actual trades are still around Rs 33,600 per 10 gram. But most buyers still prefer to exchange old ...

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First Published: Tue, February 05 2019. 20:07 IST
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