Gold prices down 6.38% from lifetime high on other investor options
PTI: New Delhi, Dec 23 2012, 11:37 IST
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In futures market as well, gold prices are moving downwards. Prices hit a two-week low at the Multi Commodity Exchange on December 19, when February contract rates dropped by Rs 104, or 0.33 per cent, to Rs 30,952 per 10 grams, traders said.
A sluggish domestic demand at prevailing higher levels also contributed to price fall. Some investors were seen shifting their funds from weakening bullion as equity markets have been rising, they added.
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