Gold nears record level in India, at 6-mth high globally

After gold prices rallied to a six-month high in the international market, analysts are looking at a similar run in the price of yellow metal here at home. On Tuesday, gold on the New York Commodity Exchange rallied nearly 1% to trade at $2,028/Oz as US government bond yield was showing a sliding trend and dollar was also weakening against most major currencies. In domestic market, however, price of yellow metal didn't go up as much and was trading in range of Rs 61,100 to Rs 61,200/10gm - barely changed from the level it was at late last week.

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