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News Summary: Gold prices fall on 'fiscal cliff'

Source : AP
Last Updated: Tue, Dec 04, 2012 20:45 hrs

: The price of gold fell to its lowest level in a month as negotiations continued over the U.S. budget. Investors have sold contracts for profit or stayed on the sidelines as lawmakers remain at odds over their budget proposals.

CLIFF WATCH: There are just a few weeks left before the U.S. reaches the "fiscal cliff," which refers to automatic tax increases and government spending cuts which would take effect Jan. 1 if a budget agreement isn't reached.

UP, DOWN: Prices fell for industrial metals, oil, wheat and corn. Soybeans are higher.

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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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