Besides, growing expectations that the US Fed may raise interest rates later this year and subdued demand from jewellers at domestic spot markets, weighed on the gold prices.

At Multi Commodity Exchange, gold for delivery in August was trading lower by Rs 108, or 0.84 percent, at Rs 24,689 per 10 grams in a business turnover of 262 lots.

Also, the metal for delivery in October fell by Rs 108, or 0.83 percent, to Rs 24,910 per 10 grams in 24 lots. In the national capital, gold recorded a fall of Rs 150 to hit nearly four-year low of Rs 25,550 per 10 grams in yesterday's trade.

Globally, gold fell as much as 0.8 percent to USD 1,092.20 an ounce in Singapore. Meanwhile, the precious metal slid to USD 1,086.18 on Monday, the lowest level since March 2010.

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