Gold prices in London, New York, Shanghai and Mumbai surged to record highs, today, on the back of a weak dollar. In Singapore, gold for immediate delivery shot up 10.01 dollars, to an all-time high of 1,105.11 dollars an ounce, as expectations for record low borrowing costs in the US drove down the dollar, and gold buying by the Reserve Bank of India last week raised speculation that other countries will follow suit. Gold for December-delivery on the Comex division of the New York Mercantile Exchange added 0.9 per cent, to a record 1,105.40 dollars an ounce. In Shanghai, gold for delivery in December gained 0.9 per cent, to 1,099 dollars an ounce, the highest since trading futures started in January 2008. And at the MCX in futures trade in Mumbai, gold for delivery in December surged to a new peak of 16,692 rupees per ten grams.