New Delhi, April 11 -- Gold prices on MCX opened higher on Friday, tracking a rally in international bullion prices that reached record high level amid safe-have buying on escalating global trade war tensions.
MCX gold rate opened higher at Rs.92,463 per 10 grams, and surged to a record high of Rs.93,736 level.
In the international market, gold prices breached the key $3,200 per ounce level for the first time to scale a new peak on Friday.
Spot gold prices rose 1.3% at $3,216.48 an ounce. Bullion scaled an all-time peak of $3,219.73 earlier in the session, gaining over 5% for the week. US gold futures gained 1.9% to $3,236.00.
Weaker dollar and rising trade war worries sent investors rushing toward safe-haven assets such as gold.
The...
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