LONDON - The price of gold leapt to a record peak of US$1,093.10 (S$1,526) an ounce in trading here on Wednesday after the International Monetary Fund announced a massive sale of the metal to India.

Gold had already reached a record high of 1,087.80 dollars on Tuesday as the IMF said it had sold 200 tonnes of gold to India's central bank over a two-week period last month for 6.7 billion dollars to bolster its finances.