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Gold Prices in India fall to One-Year Low

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The gold prices in India suffered a biggest-ever single day fall of Rs 1,250 to slump to one-year low of Rs 28,350 per 10gm. This is the price of 24-carat gold. The prices of 22-carat gold will be much lower in the Indian market.

In the past week, the gold prices have declined by Rs 1,680 per 10 gram, thanks to heavy selling by stockists following a steep fall in global and domestic futures markets.

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