Gold prices have crashed further. The yellow metal suffered its biggest ever loss on global cues with bullion market posting 28,350 rupees per ten gram today, a fall of 1,250 rupees to hit one-year low. Frantic selling by stockists amid a steep fall in overseas markets said to be among the causes of its fall to the level of April 7 last year. The gold in New york, which normally sets price trend on the domestic front, tumbled to the lowest since July 2011 on signs that investors are favouring the dollar and equities as the global economy recovers. Market experts said despite the ongoing Navratras festival, retailers remained on sidelines on expectations of more correction in the prices. Silver also recorded a steep fall of 2,500 to post 50,100 rupees per Kilogramme.