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Gold prices tread water, hits 7-month low of Rs 29,720 per 10 gm

Gold prices on Thursday fell below the Rs 30,000-level for the first time in seven months here due to hectic selling by stockists triggered by a global meltdown.

Gold prices hit seven-month low of Rs 29,263 per 10 gm

Marketmen said gold prices dropped in futures trade on frantic selling by speculators as gold in global markets fell for the seventh day, slumping to the lowest level since July.