Gold prices continue the lowering streak that began four days ago. Gold rate now stands at Rs 25,447 after falling 0.90% after the globlal market weakened due to participants offloading. A poorer demand added to the cause causing the rate in the spot market to go down to a level before 20 months.

Gold delivery for June at the Multi Commodity exchange pared by Rs 232 to reach Rs 25,447 per 10 gm after a turnover of 3,383 lots. The same for far-month August has come down by Rs 221, 0.85%, to fixate at Rs 25,886 for 10 grams.

This is the price level on par with the rates back on August 17, 2011. In the last four days there was a major reduction of Rs 3,520 in the prices for 10gm of 24k gold. The prices in Singapore market fell 2.8% reaching a figure $1,337.86 on Wednesday.

(AW- Anil)