Gold futures at record high on firm global cues

Surpassing all records, gold prices rose by 0.44 per cent to hit yet another high of Rs 21,330 per ten grams in futures trade today, tracking global markets where the precious metal climbed to record high.

At the Multi Commodity Exchange platform, gold for delivery in August contract shot up by Rs 94, or 0.44 per cent to hit an all-time high of Rs 21,330 per ten gram, with a turnover of one lot.

The precious metal for delivery in June contract also moved up by Rs 82, or 0.33 per cent to a new high of Rs 21,209 per ten gram, with a business turnover of one lot, while delivery in April gained Rs 85, or 0.38 per cent to Rs 21,053 per kg, a level never seen, with a turnover of one lot.

Likewise, the metal for delivery in February moved up by Rs 89, or 0.40 per cent to Rs 20,783 per ten gram, with a business volume of two lots.

Analysts said firm trend in global markets, where gold climbed to an all-time high of $1,427.55 per ten gram in yesterday's trade on speculation that Federal Reserve will inject more cash to boost the US and Europeaqn economies, would enhance precious metals' appeal.