Financial Times FT.com

India purchase adds to bullion price surge

By Chris Flood

Published: November 5 2009 02:00 | Last updated: November 5 2009 02:00

Gold extended its record- breaking run yesterday, pushing towards the $1,100- an-ounce level following Tuesday's news that India's central bank had bought 200 tonnes of bullion from the International Monetary Fund.

Gold hit a record $1,095.40 a troy ounce, up 3.4 per cent since the news from India broke, and gaining 24.7 per cent this year.

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