Gold prices tumbled by Rs 1,021 in futures trade
Gold prices tumbled by Rs 1,021 to Rs 25,695 per 10 grams in the futures trade in India today on heavy off-loading by speculators, tracking weak foreign markets At the Multi Commodity Exchange, gold for delivery in October month tumbled by Rs 1,021, or 3.82 per cent to Rs 25,695 per 10 grams in a business turnover of 9,941 lots.
Gold prices tumbled in trading on Thursday amid renewed worries over global economic slowdown and disappointment over lack of action from the Federal Reserve to stimulate the economy.