Gold touched new heights at Rs 15,200 per 10 gram in the morning trading in Delhi, in line with significant rise in gold prices in the international market. Another reason for high price in India was decline in Indian currency and stock market.

Stockists kept on buying the precious metal, considering it as the safest investment mode amid tight financial conditions under the impact of global slowdown. Asian investors have shown high interest in the metal in order to preserve their wealth in the wake of global slowdown, fearing grimmer situation ahead.

Gold touched 960.20 dollars an ounce, the highest since July 22, in the foreign market according to Asian Pacific MSCI index. Experts believe that this trend would continue for some time due to uncertainty in stock market and deepening of global financial crisis besides large scale buying by retailers for the current marriage season.

The condition was not different for gold futures which touched Rs 15,050 per 10 gram in early deals. MCX Gold August contract was traded with increase of 2.35 percent while COMEX Gold touched a new level at $948.80 per ounce in the early Asian trades.