Gold prices rose to a fresh all-time high of ₹85,680 per 10 grams in futures trade on Monday as global trends were firm.
Gold contracts for April delivery rose to an all-time high of ₹85,680 per 10 grams in early trade on the Multi Commodity Exchange.
The contract later pared some gains to trade ₹786 or 0.93 per cent higher at ₹85,674 per 10 grams with an open interest of 17,497 lots.
The precious metal went on to witness gains as intensifying trade war between the US and China caused investors to scramble to the safe-haven asset.
"US President Donald Trump.kick-started a trade war as he followed through on his threat to impose new duties on China, though he granted Mexico and Canada a one-month reprieve," said Manav Modi, Analyst - Commodity Research at MOFSL.
Globally, gold futures shot up 1.13% to reach an all-time high of $2,921.91 per ounce in New York.
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