Spot gold hits record high of $1,012.40/ounce

TOKYO, March 17 (Reuters) - Spot gold XAU= rallied to a record high of $1,012.40 an ounce on Monday on a weak dollar and worries about financial market troubles.

That compared with late New York levels on Friday of $996.90/997.70.

U.S. gold futures GCJ8 also hit a record high of $1,014.20 per ounce in electronic trading on Monday. (Reporting by Chikafumi Hodo and Miho Yoshikawa)