Gold prices likely to fall further to Rs 24,000 for 10g in the coming months
CME group has been trying to pick up stake in Indian exchanges for a long time now
A weakening trend overseas as strong dollar eroded demand for the precious metals
Analysts said sustained fall in the metal's prices at futures trade was mostly in tandem with global sell-offs
Restricted arrivals in the spot market also influenced prices
Fresh positions built up by speculators triggered by pick up in demand influenced prices
Speculators cut down exposures amid a weak trend in Asian trade
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Analysts expect gold prices to dip going ahead and would closely track the US Fed's decision of a hiking interest rates
Spot gold fell $45.55 to its weakest since March 2010 at $1,088.05 an ounce
Metal for delivery in August also fell by a similar margin to trade at Rs 107.15 per kg in 13 lots
Metal for delivery in August traded lower by Rs 1.30, or 0.99%
Metal for delivery in August also fell by Rs 2.60, or 0.35%
Gold for delivery in October trading 2% lower; Sept silver also down over 2%
Prices could start looking up, led by measures taken by China and stability in Euro zone and West Asia, feel experts
Domestic supply is expected to remain tight till December, when the new crop arrives