Gold rose to a record high in Mumbai on overseas guidance as rising oil prices and a weak dollar bolstered the yellow metal to a new all-time peak on Tuesday.
In Mumbai, standard gold touched a high of Rs 16,120 per 10 gm, a rise of Rs 190 from on Tuesday. The bullion had earlier touched a record high of Rs 15,980 on September 16. The booming festival demand helped the metal achieve this level.
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