At the beginning of the trading session on Friday, gold prices reached yet another all-time high as bullion optimism on Wall Street was buoyed by lower US PPI inflation data. Despite a stronger dollar index (DXY) that has surged above 105 and gained over 1% over the last five trading sessions, the new heights were trimmed back.Indias gold prices followed the lead set by their global counterparts. The 10 grams of gold futures on the MCX reached an all-time high of Rs 72,678. The June futures were up Rs 804 or 1.12% in the morning today, while the May silver contracts experienced their first trading at Rs 84,102 and were up Rs 1,078 or 1.30% from the previous closing.There has been continues rise in the gold prices from past few weeks and the experts are predicting that gold prices will touch Rs 75,000 soon. Meanwhile, the market investors and traders are keeping close eye on the prices as the market fluctuations continues. Though, there are numerous factors that are beyond the inherent value of the metal, the yellow metal is considered to be one of the one of the best investment options in India.
