Gold price slumps to 15-month low

Gold price slumps to  15-month low
Highlights

Todays Gold Price A : A 22 karat A 2600o.00 A A A A A A A A A A A A A A A A A A A A A A...

Todays Gold Price A : A 22 karat A 2600o.00

A A A A A A A A A A A A A A A A A A A A A A 24 karat A 28100.00

New Delhi: The price of gold slumped to Rs 27,600 per 10 gram on 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 per cent since hitting a high of `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 `2,100 to `48,000 per kilogram. The price had plunged by `2,500 on Saturday.

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