Snapping its three-day rising trend, gold slumped by Rs 180 to Rs 29,700 per 10 grams today on weak global cues and easing demand from local jewellers.
Aided by positive global cues and pick up in demand from local jewellers on account of weddings, gold snapped its two-day falling streak by recovering Rs 75 to Rs 29,700 per 10 grams at the bullion market Thursday.
Gold prices dipped by Rs 25 to Rs 29,625 per 10 grams at the bullion market Wednesday amid weakening global cues and tepid demand from local jewellers.
Snapping its two-day rising trend, gold prices plunged by Rs 300 to Rs 29,650 per 10 grams Tuesday, tracking a weak trend overseas amid fall in demand from local jewellers.
Rising for the second day, gold prices surged by Rs 225 to Rs 29,950 per 10 grams at the bullion market Monday on persistent buying by jewellers to meet the wedding season demand even as the metal weakened overseas.
Gold regained its glitter by surging Rs 225 to Rs 29,725 per 10 grams at the bullion market today, tracking a firm trend overseas amid pick-up in buying by local jewellers to meet wedding season demand.
Gold prices edged higher by Rs 50 to Rs 29,900 per 10 grams at the bullion market Thursday on increased buying by local jewellers to meet marriage season demand at domestic spot market amid a firming trend overseas.
Gold exchange-traded funds (ETFs) saw a net outflow of Rs 35 crore in January, taking the total to Rs 649 crore in the first 10 months of the current fiscal, primarily on account of profit booking.
Rising for the second straight day, gold prices firmed up by Rs 200 to Rs 29,850 per 10 grams Tuesday, driven by positive global cues and persistent buying by local jewellers.
Gold prices moved up by Rs 100 to Rs 29,650 per 10 grams at the bullion market today, tracking a firm trend overseas and increased buying by local jewellers.
Total demand for gold -- whose twin drivers are jewellery and investment buying -- advanced 2 percent to 4,309 tonnes compared with 2015, London-based industry body WGC said in a report.
Amid weak global trend and sluggish demand from local jewellers, gold prices fell further by Rs 50 to Rs 29,550 per 10 grams at the bullion market Friday.
The gold demand for 2015 stood at 857.2 tonne, the WGC data revealed.
Gold prices fell by Rs 150 to Rs 29,600 per 10 grams at the bullion market Thursday, snapping its four-day rising streak due to a slowdown in buying by local jewellers even as the metal strengthened in overseas market.
Taking a stance of 'no news is good news' jewellers today hailed the Union Budget, saying the focus on digitalisation is going to give an impetus to the sector and drive consumption.
A global upward move and heightened buying activity back home pushed up gold prices for the second straight day by adding another Rs 20 at Rs 29,400 per 10 grams Monday.
Tracking a firming trend overseas, gold prices quoted higher by Rs 41 to Rs 28,394 per 10 grams in futures trade Monday.
Falling for the second day, gold lost its sheen by plunging another Rs 400 to trade at two-week low of Rs 29,150 per 10 grams today, tracking a weak trend overseas.
The dometic gems and jewellery industry, which went through a lot of turmoil in 2016, has urged the government to increase the mandatory PAN card limit to Rs 5 lakh and above and reduce the import duty on gold to atleast 5 percent in the Union Budget 2017-18.
The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget to promote growth of the industry.