Gold futures surge to record at Rs 25,978
Gold futures surged to record high by adding Rs 536 to Rs 25,978 per 10 grams in futures trading today on buying by speculators, driven by a strong overseas trend, where investors sought safe haven following downgrading of the US credit rating.
Gold futures hit a record high of Rs 31,029 per 10 grams on Thursday at the MCX as investors shifted funds to the yellow metal on global cues and a weakened dollar.