Gold prices fall further

Chennai-India (July 24)   Gold prices slid from Rs.2,380 to Rs.2,344 per gram on Friday, spurring sales of gold jewellery, said industry officials. A further fall in price is likely.

"Jewellery shops in southern Tamil Nadu are reporting brisk sales. According to them, sales have spiked up by around 30 percent. In Chennai also, sales are good," Madras Jewellers and Diamond Merchants Association president Jayantilal Challani told IANS here.

According to him, the price is expected to fall further on Monday.