According to the latest data released, the Gold futures opened lower at Rs 25,650 per 10 grams on Wednesday on the Multi Commodity Exchange.

The Gold futures had closed at Rs 25,766 per 10 grams. It touched a high of Rs 25,650 and low of Rs 25,435 so far in trade at the exchange today and was trading 0.66 per cent lower at Rs 25,595 this afternoon at the time of reporting.

The shiny metal for June delivery fell $5 at $1,382 a troy ounce at the Commodity Exchange this afternoon. The gold prices are falling both in domestic as well as international markets. In India, the prices have fallen below Rs. 26,000 level while in the international market, the metal has fallen below US$ 1,350 per ounce.

Experts say that the fall in the price of gold after rising prices in twelve years does not indicate weakness in the market but shows that the investors who have been holding gold since along time could move to book profits. The confidence in the gold investment is falling as investors find other avenues for investment and this indicates that the price of gold might fall further in the year.