New Delhi, April 16 -- April 16 : Gold prices hit a new record high in India on Wednesday, with the yellow metal trading at Rs 95,435 per 10 grams on the Multi Commodity Exchange (MCX). This marks a sharp jump of 1.69 per cent or Rs 1,579 during the day.

The day began with gold opening at Rs 94,573 per 10 grams, and it quickly surged to the new milestone. At the same time, gold prices also climbed to new highs in global markets. On the New York-based Commodities Exchange Inc. (COMEX), the June gold contracts reached $3,334.2 per ounce, a rise of 2.9 per cent intra-day. This is the highest single-day gain in gold prices seen so far this week.

According to the India Bullion and Jewellers Association (IBJA), spot gold in India was trading...