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.
Falling for the fourth straight day, gold prices Friday slid by Rs 215 to Rs 24,935 per 10 grams at Mumbai bullion market due to reduce demand from jewellers and retailers.
Tracking a weak overseas trend, gold prices plunged by Rs 265 to trade at over two-week low of Rs 25,375 per 10 grams at the bullion market Friday.
Spot gold ticked up 0.3 percent to $1,054.40 an ounce by 0327 GMT.
Snapping the three-day losing run, gold prices recovered by Rs 40 to Rs 25,640 per 10 grams at the bullion market Thursday, largely due to fresh purchases by jewellers and retailers, even as it retreated overseas after the US Fed lifted interest rates.
Gold price recovered by Rs 40 to Rs 25,640 per 10 grams at Delhi bullion market Thursday, largely due to fresh purchases by jewellers and retailers.
Gold prices fell 0.75 percent to Rs 25,278 per 10 grams in futures trade on Thursday as participants cut their bets amid a weak global trend.
The government Wednesday raised import tariff value on gold marginally to USD 347 per 10 grams but reduced it on silver to USD 448 per kg, taking into account global price trend.
A leading bullion association in India is offering free membership to jewellers across cities and small towns ahead of a planned launch of the country`s first physical gold exchange, a move aimed at standardising prices and improving transparency.
Gold was hurting from overnight losses on Tuesday and the metal looked vulnerable to a drop back to multi-year lows on expectations of a US rate hike later this week.
Know how the outcome of US Federal Reserve meeting will affect gold prices...
Gold fell 1 percent on Monday ahead of a Federal Reserve policy meeting this week, which is expected to announce the first interest rate rise in nearly a decade.