Gold futures breach Rs 1 lakh mark, hit all-time high

Indian gold futures rose above the psychologically important 100,000 rupees ($1,161.02) per 10 grams mark for the first time ever on Friday morning, on a weak rupee and tracking gains in overseas markets, dealer said.

Domestic gold futures rose 2% to a record high of 100,403 rupees per 10 grams in early trade, squeezing demand in the world’s second-biggest consumer of the precious metal, dealers said.

($1 = 86.1310 Indian rupees)