Gold tops $2,000, India takes cues as price hits record of Rs 54,480 ex GST

Gold tops $2,000, India takes cues as price hits record of Rs 54,480 ex GST

Mumbai: Gold futures October contract hit a record high of Rs 54,480 per 10 gm , before dipping a tad to Rs 54392 late night India time. The rise reflected the jump in overseas gold to $2002.5 an ounce. The August contract, which expires tomorrow, traded at.a premium of Rs 54,560, indicating that sellers could have deferred delivery to October, Amit Modak, CEO, PNG & Sons said.

Modak added that…

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