Gold hits 14-month low, dips below Rs 27,000-mark

New Delhi-India (Sept 20)  Extending its losses, gold prices on Saturday dipped below the Rs 27,000-mark by losing Rs 40 to trade at about 14-month low of Rs 26,970 per ten gram in the national capital on sustained selling by stockists amid a weak global trend.

 Besides, slackened demand from jewellers too weighed on the precious metal prices.

Silver also remained under pressure for the fourth straight day and slumped by Rs 1,275 to Rs 39,625 per kg on poor offtake by industrial units and coin makers.

Source: TimesOfIndia