Gold Prices today hit a new low falling Rs 1,250 per 10 grams in one day on Saturday. After further fall The 2.95% fall has resulted in the price of Rs 27,100 reaching a figure that gold was associated 15 months ago. This is a two year low for the overseas markets.

Multi Commodit Exchange saw gold fall lower by Rs 825 for June delivery. This resulted in a price last known in March 2013.

Analysts say that the fall in the gold prices at the futures trade is due to the metal being sold by participants who have anticipated it to droop lower over the coming few weeks. As the global economy improves by the day, it is expected that the demand for the precious metal will crawl up gradually.

(AW- Anil)