Posted by Mumbai, Nov 7 (GoldTradingCalls.com) Today Gold Price in India are trading at a new high of Rs 16,900 per 10 gram in the bullion market keeping global gold price trends firmer – on strong marriage season demand.
Price of Gold today gained Rs 75 to close at Rs 16,900 per 10 gram, a level never seen before. The current spot gold price in the US markets scaled a new high of 1,099 dollar an ounce.
Gold dealers said fresh buying by stockists and jewellery fabricators to meet the demand during the marriage season and strong global cues led gold price to touch an all-time high level.
Bullion dealers said the bullion market, which has been on a record setting spree since last few trading sessions, also influenced by the Reserve Bank of India’s move to buy 200 tonnes of gold from the IMF, raising speculation that more countries would follow suit.
