Gold prices plunged Rs 235 to Rs 28,915 per 10 grams at the bullion market Tuesday amid a weak trend overseas and fall in demand from local jewellers.
Gold prices recovered by Rs 50 to Rs 29,150 per 10 grams at the bullion market Monday on scattered buying by local jewellers even as the metal weakened overseas.
Gold's allure went up by many notches Friday as the US political turmoil saw the bullion soar Rs 215 to Rs 29,200 per 10 grams, mirroring a firm overseas trend amid frenzied buying by local jewellers.
Gold prices edged up on Friday and were on track for their biggest weekly gain since mid-April as the dollar eased amid lingering political turbulence in the United States.
On the other hand, silver cracked below the Rs 39,000- mark by falling Rs 500 to Rs 38,800 per kg due to reduced offtake by industrial units.
Riding on the tailwinds of global cues and domestic buying, gold prices covered up by Rs 160 to Rs 28,760 per 10 grams on Wednesday.
After rising for three days, gold prices softened by Rs 30 on Tuesday to Rs 28,600 per 10 grams at the bullion market here due to fall in demand from local jewellers even as the metal strengthened overseas, helping cap a further decline.
Various gold investment and savings schemes such as the Gold Monetisation Scheme floated by Central government has met with little success due to lack of awareness among the masses, according to a recent study.
Gold racked up gains on a bout of risk aversion as it climbed for the third straight day by gaining Rs 55 to Rs 28,630 per 10 grams on Monday, reflecting a firm overseas trend amid local buying push.
Gold maintained its upward trend for the second day on Saturday, gaining another Rs 25 at Rs 28,575 per 10 grams on positive global cues and sustained buying by local jewellers at the bullion market here.
Gold prices rebounded by Rs 150 to Rs 28,550 per 10 grams at the bullion market Friday on firm cues from global markets and fresh buying by local jewellers.
Reversing two days of gains, gold prices declined by Rs 265 to Rs 28,400 per 10 grams at the bullion market Thursday on weak trend overseas and fall in demand from local jewellers.
Gold prices shot up by Rs 95 to Rs 28,665 per 10 grams at the bullion market Wednesday on firm overseas cues and scattered buying by jewellers at the domestic spot market.
Bringing to an end its 7-day falling streak, gold on Tuesday recovered marginally on fresh buying by local jewellers, rising Rs 20 to hit Rs 28,570 per 10 grams, aided by a firm global trend.
In the national capital, gold of 99.9 percent and 99.5 percent purity slumped by Rs 175 each to Rs 28,550 and Rs 28,400 per 10 grams, respectively. The precious metal had lost Rs 825 in the previous six days.
Falling for the sixth straight session, gold prices on Saturday declined by another Rs 125 to Rs 28,725 per 10 gram at the bullion market, hit by a slackened demand from jewellers amid weakening global cues.
Falling for the fifth straight session, gold prices fell by Rs 30 to Rs 28,850 per 10 grams at the bullion market today, tracking a weak trend overseas amid low demand from local jewellers.
Gold prices cracked the Rs 29,000 mark to a six-week low of Rs 28,880 per 10 gram at the bullion market Thursday amid weak trend overseas and easing demand from local jewellers.
Declining for the third straight session, gold prices tumbled Rs 200 to Rs 29,150 per 10 grams at the bullion market Wednesday on weak global cues and slump in demand from local jewellers.
Falling for the second straight session, gold prices on Tuesday declined by another Rs 100 to Rs 29,350 per 10 grams at the bullion market on muted demand from local jewellers amid a weak trend overseas.