Riding on firm global trends and increased buying by jewellers at domestic spot market, gold prices advanced by Rs 30 to trade at Rs 31,000 per ten grams, while silver prices soared Rs 800 to Rs 45,900 per kg at the bullion market on Saturday.
Silver, also regained the Rs 45,000-mark by rising Rs 200 to Rs 45,100 per kg on increased offtake by industrial units and coin makers.
Falling for a fourth straight day, gold prices cracked below the Rs 31,000-mark by losing another Rs 100 to Rs 30,950 per 10 grams Thursday, picking weak overseas cues amid muted demand from jewellers in the domestic spot market.
Gold remained weak for the third straight-day with prices falling by another Rs 60 to Rs 31,050 per 10 grams at the bullion market Wednesday, on low demand from jewellers at domestic spot market amid weak global cues.
Gold on Wednesday edged up from two-month lows hit in the previous session, as the dollar edged lower and investors waited for nonfarm payroll numbers later this week for clues on the timing of a Federal Reserve rate hike.
The 5th tranche of Sovereign Gold Bonds will open for nine days from September 1, through which the government aims to attract a large number of investors to curb the demand for physical gold.
Gold remained weak for the second day with prices falling by another Rs 90 to Rs 31,110 per 10 grams at the bullion market Tuesday, largely in tandem with a weakening global trend amid muted demand from jewellers at domestic spot market.
Gold prices stayed soft as it fell by Rs 50 to Rs 31,200 per 10 grams Monday, reflecting a weak trend overseas amid muted demand from jewellers in the domestic spot market.
Gold edged lower early on Monday as the dollar strengthened after hawkish comments from Federal Reserve Chair Janet Yellen left the door open for a US interest hike as early as next month.
Gold recovered by Rs 100 to Rs 31,250 per 10 grams today on fresh buying by jewellers at the domestic spot market to meet retailers' demand even as the metal weakened overseas.
Snapping its two-day rising streak, gold prices slipped by Rs 100 to Rs 31,150 per ten grams at the bullion market Friday on weak global cues amid slackened demand from jewellers in domestic spot market.
Climbing for the second straight day, gold prices advanced by Rs 50 to Rs 31,250 per 10 grams Wednesday on increased buying by jewellers at the domestic spot market amid positive global cues.
Gold got back some of its momentum after prices rose Rs 150 to Rs 31,200 per 10 grams at the bullion market Tuesday on fresh buying by jewellers to meet festive season demand amid firm global cues.
Gold also drifted lower by Rs 200 to trade at one-week low of Rs 31,050 per ten grams owing to muted demand from jewellers.
Gold fell on Monday to its lowest in nearly two weeks as the dollar strengthened after comments from US Federal Reserve officials increased bets on a US rate hike this year.
Silver cracked below the Rs 46,000-mark by falling Rs 490 to Rs 45,975 per kg today, reflecting a weak trend overseas amid reduced off-take by industrial units in the domestic market.
Gold rallied by Rs 100 to Rs 31,250 per 10 grams at the bullion market Friday on continued buying by jewellers even as the precious metal weakened overseas.
Gold advanced for the third day, gaining Rs 20 to Rs 31,150 per ten grams at the bullion market Wednesday on sustained buying by jewellers to meet festive season demand from retailers, even as the metal weakened overseas.
Gold prices advanced for a second day by gaining Rs 55 to Rs 31,130 per 10 grams at the bullion market Tuesday, tracking a firming trend overseas amid increased buying by jewellers to meet rising demand from retailers at domestic spot market.
Gold imports more than halved to USD 4.97 billion in the first four months of the current fiscal, which is expected to keep a lid on the current account deficit.