Gold rates continued their two-session rally, recording an all-time high of ₹86,875 per 10 grams on Thursday, amid high demand in the spot market.
On Multi Commodity Exchange (MCX), April gold futures touched an all-time high of ₹86,875 per 10 grams during early trading.
But gold erased its gains later, falling ₹9 to ₹86,677 per 10 grams on the MCX, with the trading volume of 14,671 lots.
Analysts in the market credit the new records in gold to the deceleration in inflation in the US, further propelling the metal's bullish grip. The ongoing global trade conflict and economic uncertainties have also created a rally.
In foreign markets, gold futures held firm at $2,946 an ounce in New York.
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