Gold and silver prices tumbled to their lowest in nearly three years on Wednesday as investors liquidated precious metals after well-received U.S. data fuelled fears the Federal Reserve would rein in its ultra-loose monetary policy.
Spot gold slid to its lowest since September 2010 at $1,233.05 an ounce and was down 3.1 percent at $1,237.36 an ounce at 0807 GMT. U.S. gold futures for August delivery were down $37.90 an ounce at $1,237.20.
Silver hit its lowest since August 2010 at $18.55 an ounce and was down 4.4 percent at $18.81 an ounce.
|Gold Rate in Chennai||Rs. 28550.00 (-0.24%)|
|Gold Rate in Mumbai||Rs. 29500.00 (0.31%)|
|Gold Rate in Delhi||Rs. 28850.00 (0%)|
|Gold Rate in Kolkata||Rs. 29460.00 (0.41%)|
|Gold Rate in Kerala||Rs. 28100.00 (0%)|
|Gold Rate in Bangalore||Rs. 28170.00 (0%)|
|Gold Rate in Hyderabad||Rs. 28550.00 (-0.42%)|