Gold hits 23-month low at Rs 25,650 on weak global cues

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Mumbai, June 28: Gold prices today tumbled to a 23-month low by losing Rs 1,150 to Rs 25,650 per 10 grams in the national capital on heavy selling by stockists and investors, triggered by a steep fall in overseas markets.

Gold bars

All round selling by stockists on free-fall in overseas markets and investors shifting their funds to surging equities mainly pulled down the gold prices to a level last seen on August 9,2011.

PTI

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