The price of 22-carat gold also fell by ₹10, with ten grams of the yellow metal selling at ₹1,18,640
Spot gold was up 1.4% at $4,264.63 per ounce as of 11:06 a.m. ET (1506 GMT) after bullion touched a record high of $4,270.59 earlier
In the international markets, spot gold rose nearly 1% to hit an all-time high of $ 4,246.08 per ounce
Gold is considered a traditional hedge against uncertainty and inflation, and also thrives in low-rate environments as it is a non-yielding asset
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,17,660
Spot gold rose 0.7% to $4,137.76 per ounce as of 11:22 a.m. ET (1522 GMT), after hitting a record high of $4,179.48 earlier in the session
Brent crude futures fell $1.38, or 2.2%, to $61.94 a barrel by 1248 GMT, while U.S. West Texas Intermediate crude was down 2.3%, or $1.37, at $58.12. Both contracts were at a five-month low
In a statement, MCX and MCXCCL said they are closely monitoring derivatives contracts and will take necessary measures to ensure fair and transparent trade in line with regulatory norms
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,14,960
Spot gold was up 1.9% to $4,093.39 per ounce, as of 10:04 a.m. ET (1404 GMT), after hitting a record $4,096.35/oz
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,26,000 per 10 grams on Friday
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The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,14,640
Market observers also cited US monetary policy as a key influence
The price of 22-carat gold stumbled ₹10, with ten grams of the yellow metal selling at ₹1,13,390
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,13,810
Silver, spurred by momentum in the gold market, strong investment demand and an ongoing supply deficit, breached the psychological barrier of $50 per ounce for the first time
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,13,610
Spot silver hit an all-time high at $49.57 per ounce. Both a precious and industrial metal, silver has gained 70 per cent so far this year, heading for its biggest annual growth since 2010
AUM of gold and silver ETFs surges 30% in September as record inflows, global uncertainties and central-bank buying drive investor demand for precious metals