Gold skids to 2-week low on heavy selling; silver tanks

Mumbai-India (Dec 23)  Gold prices plummeted sharply to hit a two-week low at the domestic bullion market here following heavy unwinding from stockists and investors triggered by a sell-off in overseas.

 Elsewhere, silver too came under intense speculative selling pressure and closed below the Rs 37,000 mark. Standard gold (99.5 purity) slumped by Rs 325 to finish at Rs 26,510 per 10 grams from overnight closing level of Rs 26,835.