Gold prices suffer biggest ever loss of Rs 1,250 per ten gram on global cues

	Dated:April 13,2013

Top Headlines Gold prices suffer biggest ever loss of Rs 1,250 per ten gram on global cues Gold in futures trading dipped below Rs 28,000 on the Multi Commodity Exchange of India today as speculators remained net sellers. Gold drops over 20%, falls into bear mkt territory Investment turns sour: Will goldbugs change views Top five trading strategies for the coming week Will Google change its dominant search system under pressure? US Internet giant Google is preparing changes to its dominant search system to satisfy EU anti-trust authorities, the Financial Times said. N Korea denies cyber attack on S Korean cos 'Payment to Google, Yahoo for online ads not taxable' Opinion: Infosys'troubles are curable, but CEO, board must smarten up Hinduja group to rope in Gulf investors for India projects Hinduja Group, a UK-based diversified conglomerate, plans to rope in Gulf investors including UAE's sovereign wealth funds as partners for power. Most Read Story Placements at IIMs are not an entitlement, determined by mood in corporate India Starting at Rs 5.99 lakh, Honda diesel Amaze set to give Swift Dzire a run for its money Maruti to launch Dzire's variant Regal at Rs 5.60 lakh to take on Honda's Amaze Has gold lost its allure for retail investors? Most E-mailed Story Has gold lost its allure for retail investors? Now, the worst of the Great Recession has passed. Things are looking up for the economy and, as a result, down for gold. Gold drops over 20 per cent, falls into bear market territory The metal was heading for a 4.9% decline this week, its third such drop in a row and the biggest since December 2011. Market Round-up SENSEX 18242.56 -299.64 NIFTY 5528.55 -65.45 NASDAQ 3110.78 -6.72 DJIA 13534.89 27.57 RS/$ 54.81 -0.20 NSE Gainers Scrip Price(Rs.) %Change MVL Industries Ltd. 22.50 + 423.26 GTN Textiles Ltd. 17.00 + 211.93 Hydro S & S Industries Lt 42.20 + 162.11 Cura Technologies Ltd. 39.45 + 142.77 Transwarranty Finance Ltd 15.05 + 94.19 NSE Losers Scrip Price(Rs.) %Change PI Industries Ltd. 132.60 -78.48 Infosys Ltd. 2,296.65 -21.25 Khaitan Electricals Ltd. 68.45 -10.70 Wockhardt Ltd. 1,752.05 -9.99 Tantia Constructions Ltd. 28.40 -9.40           Most Commented Story Apple's Disdain: India’s a dumping ground for old phones? Wannabe CM Arvind Kejriwal calls police inefficient; says retail FDI not good for Delhiites Placements at IIMs are not an entitlement, determined by mood in corporate India Gold drops over 20 per cent, falls into bear market territory Latest Updates Gold drops over 20%, falls into bear mkt territory Germany to provide $ 1.3 bn for renewable energy in India Google, EU near deal on search probe: Report EU finance ministers discuss ways to boost growth