Gold futures hit record high late Tue

MUMBAI: Gold futures struck a record high on the Multi Commodity Exchange of India Ltd (MCX) late on Tuesday tracking firm overseas markets.

Gold futures on MCX touched 16,048 rupees ($347) per 10 grams in late evening trade from 5 p.m. to 11:30 p.m. (1130-1800 GMT) on Tuesday, erasing the previous high of 16,040 rupees on Feb. 20.

The contract closed at 16,036 rupees, up 0.7 percent. ($1=46.2 rupees)