Amid a weakening global trend and profit-booking by speculators, gold futures traded lower by Rs 127 at Rs 25,973 per 10 gram on Friday.
Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as the dollar fell and investors channeled money into safer assets for a fourth straight day after worries about the Chinese economy hit global stocks.
Depreciation in rupee, which was trading at over two-week low against the dollar, also supported the upside in gold prices as it would make imports costlier.
Depreciation in rupee, which was trading at over two-week low against the dollar, also supported the upside in gold prices.
Gold hit a seven-week high on Wednesday, extending gains for a third session as persistent concerns over the Chinese economy battered stock markets, while tensions simmered in the Korean peninsula and the Middle East.
Continuing its rising streak for the third straight day, gold prices added another Rs 60 to hit over three-week high of Rs 25,900 per 10 grams at the bullion market on Wednesday, tracking a firming global trend amid pick up in buying by jewellers.
Zee Media bureau
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Riding on strong global cues and increased buying by jewellers at the domestic bullion market, gold on Tuesday shot up by Rs 225 to Rs 25,840 per ten grammes.
Gold rallied more than 1 percent on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks and the dollar following weak Chinese data that fuelled concerns over global growth.
Gold prices recovered by Rs 195 to Rs 25,615 at the bullion market on Monday, tracking a firm overseas trend as rising tension between Saudi Arabia and Iran raised demand for the precious metals amid fresh buying by domestic jewellers.
The yellow metal has lost value for three straight years. It fell 6.51 percent in 2015 alone.
In the national capital, gold of 99.9 and 99.5 percent purity traded lower by Rs 90 each to Rs 25,420 and Rs 25,270 per ten grams respectively.
Gold prices rebounded by Rs 120 to Rs 25,510 per ten grams on the first trading day of 2016 at the bullion market Friday on revival of buying by jewellers and retailers.
Gold plunged by Rs 260 to Rs 25,390 per ten grams in the last trading day of 2015 at the bullion market today, tracking a weak trend overseas amid
Gold prices ended flat at Rs 25,650 per 10 grams at the bullion market on Wednesday on scattered buying from jewellers even as the metal strengthened overseas.
Gold was little changed on Wednesday as thin liquidity and a firmer dollar capped price moves, although the metal remained on track to close the year lower for a third time in a row.
In the national capital, gold of 99.9 percent and 99.5 percent purity edged up by Rs 45 each to Rs 25,650 and Rs 25,500 per 10 grams, respectively.
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.