Gold prices rose Rs 80 to Rs 25,205 per 10 grams in futures trade on Tuesday as speculators created fresh positions, taking positive cues from global markets.
In order to promote financial inclusion, a RBI panel on Monday asked banks to focus more on mobile technology for last mile service delivery, phasing out interest subsidy on farm loans and move towards universal insurance scheme for all crops.
The gold ETFs saw a net outflow of Rs 845 crore in January-November of this year, down from an outflow of Rs 1,651 crore in the entire 2014.
Snapping its two-day rising run, gold prices drifted by Rs 85 to Rs 25,605 per ten grams at the bullion market Monday on weak global trend amid slackened demand from jewellers at prevailing levels.
Gold slipped on Monday, tracking lower oil prices, but failed to get safe-haven bids despite weakness in the dollar and Asian equities as liquidity remained thin in a holiday-shortened week.
Gold imports shrank 36.5 percent to USD 3.53 billion in November on the back of falling prices of the yellow metal, something that will keep the country's current account deficit (CAD) in check.
Gold rebounded after a brief correction with bullish undertones and closed above the psychologically significant Rs 25,000-mark in a holiday-shortened week at the domestic bullion hub.
Lending support to yesterday's gains, gold prices rose further by Rs 15 to Rs 25,690 per 10 grams at the bullion market on Saturday following a buying surge by jewellers and retailers.
The gold prices have dipped by about 5 percent in 2015 as investors looked for other asset classes and the government sought to monetise the holdings lying idle with the households and institutions.
Snapping the two-day losing streak, gold prices rebounded by Rs 125 to Rs 25,675 per 10 grams at the bullion market Friday on scattered buying by jewellers and retailers.
Continuing its slide for the second straight day, gold prices fell by Rs 60 to Rs 25,550 per ten grams at the bullion market Thursday, largely dragged down by fall in demand from jewellers as well as retailers, even as the metal strengthened overseas.
Gold had gained Rs 375 in the previous three sessions.
Buoyed by sharp fall in gold prices globally, India is likely to see a jump of 11 percent in imports of the metal to 1,000 tonnes this year.
Gold advanced by Rs 150 to Rs 25,750 per ten grams at Delhi bullion market Tuesday, taking positive cues from global markets amid increased buying by jewellers as well as retailers.
Gold prices recovered smartly to reclaim the key Rs 25,000 per ten grams level at the domestic bullion market here Monday following good offtake from stockists and investors driven by a higher global cues.
Gold of 99.9 percent and 99.5 percent purity rose further by Rs 70 each to Rs 25,600 and Rs 25,450 per ten grams respectively.
Officials at a number of rich and famous temples across the country said they may not be able to immediately participate in the scheme, while a few others said the scheme was worth exploring but a final decision was yet to be taken.
After yesterday's plunge, gold bounced back to trade Rs 155 higher at Rs 25,530 per 10 grams at the bullion market Saturday, taking positive cues from overseas markets amid fresh purchases by domestic jewellers.
Asian markets, which continued to be strong drivers of gold demand this year, are expected keep sentiment bullish in 2016 as well with the introduction of pro-gold schemes.