New Delhi, April 16 -- Gold prices hit a record high on Multi Commodity Exchange of India (MCX) on Wednesday tracking a rally in international bullion prices, lifted by safe-haven demand amid escalating trade tensions and concerns over global economic growth.

MCX gold rate hit a record high of Rs.95,190 per 10 grams on April 16 after opening higher at Rs.94,573 as against its previous close of Rs.93,451.

International gold prices scaled a record peak as a weaker dollar, escalating trade fuelled safe-haven demand. Spot gold rose 1.9% to $3,287.79 an ounce. It hit an all-time high of $3,294.99 per ounce earlier in the session. US gold futures gained nearly 2% to $3,304.20.

"Gold has decisively broken above key resistance levels, surpassi...