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Gold price slumps to 15-month low
Monday April 15, 2013 08:23:25 PM,
IANS
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New Delhi: The price
of gold slumped to Rs.27,600 per 10 gram Monday, the lowest in
more than 15 months due to weakness in global markets on
expectations of recovery in the world economy.
The price of the yellow metal has slumped by nearly 20 percent
since hitting a high of Rs.32,464 per 10 gram in November last
year. The price had slumped by Rs.1,250 per 10 gram in the
previous trading session.
In the global market, gold price fell below $1,400 an ounce for
the first time in 15 months. Gold price fell to $1,386.30 an ounce
in the London commodity market.
The price of the precious metal had hit a high of $1,900 an ounce
last year.
Silver price dropped by Rs.2,100 to Rs.48,000 per kilogram. The
price had plunged by Rs.2,500 Saturday.
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