Gold touches record highs

Gold continued its record-breaking spree in India on Thursday as investor's poured money into the safe haven asset due to deepening global recession. But gold buyers stayed on the sidelines, as prices at record highs continued to hurt demand. Customers said social obligations forced them to buy gold or otherwise they would have postponed buying. Gold futures on the continuous charts was 0.70 per cent higher at 15,670 rupees per 10 grams, after hitting a record of 15,706 rupees earlier in the session.