Gold prices slide by 0.41 percent on Wednesday at the domestic markets though physical desired, expectations offered some support in India and China as weaker prices attracted jewelry makers. However, losses were restrain Federal Reserve Bank of Minneapolis President Narayana Kocherlakota warned policymakers that an interest rate increased in 2015 may impede the US economic regaining, bolstering the appeal of the bullion as a store of value. Gold futures for February 2015 contract, at MCX, were trading at Rs. 26,944 per 10 grams, downward by 0.41 percent after opening at Rs. 27,020 against the last day of closing price of Rs. 27,055. It touched the intraday low of Rs. 26,901 till the trading. (At 11.57 AM).
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