Gold hits 10-month low, attracts bargain buyers

Gold extended losses to hit its lowest level in ten months on global cues, attracting bargain hunters in the wedding season.

At 2:51 p.m., the most-active gold for June delivery on the Multi Commodity Exchange (MCX) was 140 rupees lower at 29,465 rupees per 10 grams, after hitting a low of 29,357 rupees, a level last seen on June 1. India, the world's biggest buyer of gold, has been trying to curb imports to put a lid on the record-high current account deficit. The government raised the import duty on gold,

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