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Gold prices down because of fear of the debt crisis in the eurozone. The debt crisis in theeuro area in recent years, initially helped increase the price of gold, as investors were interested in him as a insurance against risk. But in recent months, prices are rising even against better news from the eurozone, as both the euro is rising against the dollar.
The retreat in prices of 10-week high has caused demand growth in India - the world's largest gold market is extremely price sensitive.
According to dealers in Tokyo, the market supply of scrap gold rose after the price rise of gold in yen to its highest level in September 2011 by easing the Bank of Japan.
The cost of the February gold futures on the COMEX today declined to 1768.1 dollars per ounce.
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