JOIN US Gold prices rose to all-time high of Rs 31,468 per 10 grams on Monday as speculators created huge positions, tracking a firming global trend.
Sentiment bolstered after gold jumped to four-month high in overseas markets on speculation that central banks from the US to China will act to spur economic growth and as investment holdings expanded to a record.
At the Multi Commodity Exchange, the December gold rose by Rs 153, or 0.42%, to record high of Rs 31,468 per 10 grams, with a business turnover of 377 lots.
The October delivery moved up by Rs 144, or 0.39%, to Rs 31,091 per 10 grams in 377 lots.
Marketmen attributed the rise in gold futures to a firming global trend.
Meanwhile, gold rose 0.4% to $1,676.90 an ounce - the most expensive since April 13 - in Singapore.