Gold price soars to lifetime high of Rs 72,423/10-gm

Mumbai: Gold futures on India’s Multi Commodity Exchange (MCX) rose to Rs72,423 per 10 grams on Friday for June 5 delivery, tracking the rally in the international market which saw the price of the precious metal soar to a new lifetime high at $2,395.29 per ounce. Gold futures on MCX recorded an increase of Rs779 per 10 grams which is 1.09 per cent above the previous trading session’s closing price of Rs71,644.

There was some variation in the retail gold prices in major cities across the country with the price in Delhi hovering at around Rs72,380 per 10 grams for 24-carat gold, while in Mumbai, the price was 72,230.