Reduction in Greece 's debt crisis , the long holidays in China and the dollar index is up three reasons why gold prices in the international market has reached a low of 7 weeks . According to experts, the debt relief package for Greece Europe extended period of four months, which has decreased the demand for gold is a safe haven . The world's second largest gold consumer in China because of the New Lunar holidays all the reasons this has decreased the demand for gold and further pressure on prices is anticipating making knowledgeable .
Comex gold fell $ 2 to $ 1203 per ounce is trading at. MCX gold on the domestic market declined by 0.25 per cent to 26 212 rupees per 10 grams.
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