Asian shares and gold retreated on Wednesday and bond yields were near two-week highs as markets were rattled by a media report flagging the possible withdrawal of the European Central Bank`s bond buying program.
Gold soared by Rs 50 to Rs 31,250 per ten grams at the bullion market Tuesday on increased buying by jewellers at domestic spot market, even as the metal weakened overseas.
Silver prices declined by Rs 50 to Rs 45,450 per kg at the bullion market Monday, tracking a weak trend overseas amid reduced offtake by consuming industries at domestic spot market.
On the other hand, silver held steady at Rs 45,500 per kg in scattered deals from industrial units and coin makers.
Rising for the second straight day, gold prices climbed Rs 175 to Rs 31,525 per 10 grams Friday, lapping up positive global cues amid increased buying by jewellers in the domestic spot market.
India's gold demand is likely to fall to around 750-800 tonnes in 2016, as against 860 tonnes last year, mainly due to sharp rise in prices and jewellers' strike following new regulations, World Gold Council has said.
Gold slipped by Rs 150 to Rs 31,300 per 10 grams at the bullion market Wednesday on the back of waning demand from jewellers at domestic spot market amid a weak global trend.
Gold prices moved lower by Rs 80 to Rs 31,520 per 10 grams Monday, tracking a weak trend overseas amid slack demand from jewellers in the domestic spot market.
Snapping its five-day rising streak, gold prices slipped by Rs 30 to Rs 31,520 per 10 grams at the bullion market Friday amid slackened demand from jewellers at domestic spot market and a weak trend overseas.
The government expects to mobilise more than Rs 820 crore from the fifth tranche of Sovereign Gold Bond (SGB) scheme, and the next tranche will be launched with more attractive features before Diwali.
Rising for the fourth day in a row, gold prices rose further by Rs 75 to Rs 31,250 per 10 grams at the bullion market Wednesday, tracking a firming trend overseas along with increased buying by jewellers' at the domestic spot market.
Taking positive cues from global markets and buying by jewellers at the domestic front, gold prices rose for the third straight day by adding Rs 25 to Rs 31,175 per 10 grams at the bullion market Tuesday.
Increased buying by jewellers in domestic bullion market and firm global cues propped up gold prices by Rs 110 to Rs 31,150 per 10 grams on Monday.
Gold prices eased at the domestic bullion market here Thursday on lower offtake from stockists and traders as well as subdued local buying interest coupled with lower global cues.
Gold imports fell by 77.45 percent to USD 1.11 billion in August due to sliding prices of the metal in both global and domestic markets.
Gold prices recovered by Rs 20 to Rs 31,070 per 10 grams on Wednesday, mirroring a firm trend overseas along with scattered buying by jewellers in the domestic spot market.
Gold prices fell by Rs 125 to Rs 31,050 per ten grams at the bullion market today owing to slackened demand from jewellers at domestic spot market even as the metal strengthened overseas.
Silver, however, fell further by Rs 500 to Rs 45,300 per kg on reduced offtake by industrial units.
Gold remained weak for a second day as the prices fell by Rs 150 to Rs 31,150 per ten grams at the bullion market today, on a weak trend overseas and easing demand from jewellers at the domestic spot market.
Gold slipped from a 30-month high, plunging Rs 250 to Rs 31,300 per 10 grams at the bullion market Thursday, as demand from jewellers at domestic spot market fell amid a weak trend overseas.