Gold prices zoomed to a record high on Tuesday as global investors turned to the yellow metal on fears over global economy and inflation.
A slump in the equities market across the globe also aided the rise of the precious metal, which closed at Rs 15,295 for 10 gm in Mumbai, as investors looked to gold as an alternative investment.
Even 22-carat ornament gold closed above Rs 15,000 at Rs 15,230 for 10 gm. On Tuesday, gold gained Rs 475 even as it rallied to a seven-month high in the global market to around $960 an ounce.
Image: Business Line
Text: Business Line
Also Read: Gold rates