The price of gold fell to its lowest level since mid-January under pressure from a strong dollar.

The dollar strengthened against the euro after the unexpected message from Germany and France on the reduction of manufacturing activity in March for the first time this year.

Demand for physical markets in Asia is low after reports of slowing manufacturing activity in China in March.

India - the world's largest consumer of gold - jewelers do not work with this past weekend to protest against the increase of import duties on precious metals.

April futures price of gold on COMEX has fallen today to $ 1627.5 an ounce.