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.
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.