 "Gold at record Rs 31,077 on global rally, weak rupee")
India’s benchmark October gold contract extended gains on Monday morning to hit a record high of Rs 31,077 per 10 grams, following a rally in the world markets and on a weak rupee.
[caption id=“attachment_431644” align=“alignleft” width=“380”]  AFP[/caption]
International spot gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the U.S. Federal Reserve kept sentiment buoyant.
However, a price rise is set to trim India’s gold consumption, and subsequently imports, in the peak festive season.
STORY CONTINUES BELOW THIS AD
Reuters
End of Article
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2012/08/gold_money_afp1.jpg){kind=link}