Gold prices may touch record highs: MMTC

Gold prices in India had touched a record high of Rs 18,340 per ten grams in December, 2009.

Prices of precious metal on Friday skyrocketed by Rs 495 to a five-month high of Rs 18,000 per ten grams in the Delhi bullion market on heavy buying driven by an overseas rally. The level was last seen on November 26, 2009. “Gold prices in India may hit a record any time in May because of firm demand,” MMTC Chairman and Managing Director Sanjeev Batra said today. MMTC is the largest importer of gold in the country.

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