Gold prices, which had been plummeting since last week, fell by another Rs 364, or 1.41%, to trade at a 15-month low of Rs 25,270 per 10 grams for delivery in June at the Multi Commodity Exchange. It clocked a turnover of 93 lots.
Similarly, the metal for delivery in far-month August shed Rs 266, or 1.02%, to Rs 25,835 per 10 grams in 93 lots.
Market analysts said sustained weakness in the overseas markets where gold plunged over 9% yesterday to its lowest price in two years, put pressure on the precious metal prices here.
Worries over Chinese growth and a possible sell-off by struggling Cyprus's central bank also pushed down the precious metal's prices in the futures trade here, they added.
Globally, gold plunged 9.35% to $1,360.60 an ounce, the lowest since level since March 8 in New York yesterday. Prices have dropped 14% in the previous two days.
(PTI)
