Gold hits low at Rs 25,650

Gold prices on Friday tumbled by Rs. 1,150 to a 23-month low of Rs. 25,650 per 10 grams � in the national capital � on heavy selling by stockists and investors, triggered by a steep fall in overseas markets.

All round selling by stockists, responding to a free fall in overseas markets, coupled with investors shifting their funds to surging equities, primarily pulled down gold prices to a level last seen on August 9, 2011.