Gold Prices slump to 5-year Low, 4% decline Recorded

People, who have invested in gold, have a very bad news, as prices of the yellow metal, have reached the five-year low with a decline by 4%. The gold prices have now gone below Rs 25,000 per 10 gm. The platinum prices have also declined by 5%. The decline has been attributed to the strengthening of US Dollar on growing expectations that the US Fed would hike interest rates this year.