Gold price hits record high of Rs 47,823

New Delhi: Gold price on Monday hit record high of Rs 47,823.

Gold June futures on MCX hit a record high of Rs 47,823 per 10 gms.

At 10:40 am, the yellow metal was trading at Rs 47,802, up almost 1 per cent from the Friday close.

In commodity markets, the flood of liquidity from central banks combined with record-low interest rates to help lift gold to a seven-year peak. The metal was last up 1.2% to $1,762 an ounce, with silver and palladium also on a roll.

With Agency Inputs