Gold falls most in seven weeks on weak global cues
New Delhi, March 25: Gold prices tumbled by Rs 170 to a seven-week low of Rs 16,450 per ten grams in the bullion market here today on hectic selling triggered by negative global cues.
Standard gold and ornaments, plunged by Rs 170 each to Rs 16,450 and Rs 16,300 per ten grams, respectively. The metal has lost Rs 320 in the last three trading sessions.
Sovereign also weakened, shedding Rs 50 to trade at Rs 13,950 per eight-gram piece.