Gold price hits record in India, track overseas markets

India's benchmark October gold contract hit a record high of Rs 30,699 per 10 grams on Thursday, tracking gains in the overseas markets, though a firm rupee capped the upside.

International spot gold prices rose to their highest levels in more than three months, shaking off months of lethargy after minutes from the latest U.S. Federal Reserve meeting fuelled hopes for the swift launch of more bond buying.

The rupee rose to an over one-week high on Thursday.