Gold prices have taken a dive, this Friday, reports say, encouraging demand of the yellow metal to a certain extent. The benchmark October contract on the Multi Commodity Exchange (MCX) was 1.19 per cent lower at Rs 29,690 per 10 grams. The prices touched a low of Rs 29,636 in the day, a level which was experienced a month earlier, reports say.

The fall in the gold prices have been following the losses in the world market, reports suggest