Gold hits 15-1/2 month low of Rs 27,100 per 10 grams

Gold futures in India, the world's biggest buyer of the metal, dropped nearly 3 per cent on Monday to hit their lowest level in 15-1/2 months, mirroring losses in the world market. At 10.46 am, the key gold contract for June delivery on Multi Commodity Exchange was down 2.64 per cent at Rs 27,189 per 10 grams, after falling to Rs 27,100 earlier, the lowest level since December 30, 2011. In the overseas market, gold prices too...