Mumbai: Price of gold on Wednesday surged to an all-time high of Rs 27,200 for a sovereign. On Wednesday alone, there was an increase of Rs 400 for a sovereign.
The price of gold touched Rs 3400 per gram. The fall in dollar rate has attributed to the price hike of gold.
On Tuesday, gold price had reached Rs 26,800. In the last six days, a hike of Rs 1520 was recorded for the yellow metal.