Continuing to spiral downwards, gold prices on Saturday fell by another Rs 50 to Rs 27,800 per 10 grams at the bullion market owing to slackened demand from jewellers.
Gold prices moved lower by Rs 90 to Rs 27,860 per 10 grams Thursday, tracking a weak trend in global market and a fall in demand from local jewellers due to scarcity of funds following demonetisation.
Snapping two-day losing streak, gold regained some sheen by rising Rs 100 to 27,950 per 10 gram at the bullion market Wednesday on a firm global trend and increased buying by jewellers in the domestic spot market.
Gold prices suffered more losses falling by Rs 50 to Rs 27,850 per 10 grams at the bullion market Tuesday, tracking a weak trend overseas amid sluggish demand from jewellers at the domestic market.
Gold prices fell by Rs 30 to Rs 27,900 per 10 grams Monday owing to slackened demand from jewellers, even as the metal strengthened overseas.
Gold prices rebounded from a 10-month low by climbing Rs 180 to Rs 27,930 per 10 grams Saturday, taking cues from a firm trend overseas amid scattered buying by local jewellers.
Gold prices cracked below the Rs 28,000-mark by plunging Rs 500 to over 10-month low of Rs 27,750 per 10 grams Friday.
Gold prices plunged as much as Rs 200 to Rs 28,250 per 10 grams Thursday, in step with a weak global trend after the US Fed's decision to raise interest rates, compounded further by depleting demand due to the prevailing cash crunch.
Gold prices remained steady at Rs 28,450 per 10 grams Wednesday ahead of the outcome of the ongoing Federal Reserve meet which is expected to tighten its policy sooner than later.
Gold prices recovered from a 10-month low by rising Rs 100 to Rs 28,550 per 10 grams, taking its strength from scattered buying by local jewellers even as the metal weakened overseas.
Gold prices fell Rs 130 to hit a 10-month low of Rs 28,580 per 10 grams Friday amid a weakening global trend and considerable fall in demand from jewellers at the domestic spot market.
RBI has said that the Sovereign Gold Bonds (SGBs) issued on November 17 will become eligible for trading on stock exchanges from Friday onwards.
Gold prices on Thursday recovered by Rs 110 to Rs 28,710 per 10 grams at the bullion market, snapping its three-day falling streak, largely in sync with a firm trend in global market.
Tracking negative cues from the international market, gold prices on Tuesday dipped below the Rs 29,000 mark by falling Rs 250 to an over six-month low of Rs 28,800 per 10 grams.
Gold prices drifted lower by Rs 200 to Rs 29,050 per 10 gm at Delhi bullion market , tracking a weak trend overseas amid tepid demand in the domestic spot market on prevailing cash crunch following demonetisation of high value notes.
Gold prices moved higher by Rs 179 to Rs 28,136 per 10 grams in futures trade Friday as speculators widened their bets taking positive cues from the global market.
There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance
Many jewellers estimate an 85-90 percent dip in business post-demonetisation -- but exports have been unaffected.
In an otherwise restricted activity, gold prices recovered by Rs 50 to Rs 29,450 per 10 grams at the bullion market Tuesday on scattered buying by jewellers and retailers even as the yellow metal weakened overseas.
With bullion market reopening after 16 days Monday, gold prices witnessed a massive plunge of Rs 1,750 to Rs 29,400 per 10 grams in the national capital, while silver slumped by Rs 3,100 to Rs 41,600 per kg.