A drop in gold prices prompted consumers to buy the precious metal, ahead of festivals in India, the wedding season and China`s long National Day holidays, boosting demand in Asia.
India's gold demand is likely to fall to around 750-800 tonnes in 2016, as against 860 tonnes last year, mainly due to sharp rise in prices and jewellers' strike following new regulations, World Gold Council has said.
Gold slipped by Rs 150 to Rs 31,300 per 10 grams at the bullion market Wednesday on the back of waning demand from jewellers at domestic spot market amid a weak global trend.
Gold prices moved lower by Rs 80 to Rs 31,520 per 10 grams Monday, tracking a weak trend overseas amid slack demand from jewellers in the domestic spot market.
Snapping its five-day rising streak, gold prices slipped by Rs 30 to Rs 31,520 per 10 grams at the bullion market Friday amid slackened demand from jewellers at domestic spot market and a weak trend overseas.
The government expects to mobilise more than Rs 820 crore from the fifth tranche of Sovereign Gold Bond (SGB) scheme, and the next tranche will be launched with more attractive features before Diwali.
Rising for the fourth day in a row, gold prices rose further by Rs 75 to Rs 31,250 per 10 grams at the bullion market Wednesday, tracking a firming trend overseas along with increased buying by jewellers' at the domestic spot market.
Taking positive cues from global markets and buying by jewellers at the domestic front, gold prices rose for the third straight day by adding Rs 25 to Rs 31,175 per 10 grams at the bullion market Tuesday.
Increased buying by jewellers in domestic bullion market and firm global cues propped up gold prices by Rs 110 to Rs 31,150 per 10 grams on Monday.
Gold prices eased at the domestic bullion market here Thursday on lower offtake from stockists and traders as well as subdued local buying interest coupled with lower global cues.
Gold imports fell by 77.45 percent to USD 1.11 billion in August due to sliding prices of the metal in both global and domestic markets.
Gold prices recovered by Rs 20 to Rs 31,070 per 10 grams on Wednesday, mirroring a firm trend overseas along with scattered buying by jewellers in the domestic spot market.
Gold prices fell by Rs 125 to Rs 31,050 per ten grams at the bullion market today owing to slackened demand from jewellers at domestic spot market even as the metal strengthened overseas.
Silver, however, fell further by Rs 500 to Rs 45,300 per kg on reduced offtake by industrial units.
Gold remained weak for a second day as the prices fell by Rs 150 to Rs 31,150 per ten grams at the bullion market today, on a weak trend overseas and easing demand from jewellers at the domestic spot market.
UAE Exchange India, the leading financial institution has launched a new gold loan offer for the loyal customers in this special festive season.
Gold slipped from a 30-month high, plunging Rs 250 to Rs 31,300 per 10 grams at the bullion market Thursday, as demand from jewellers at domestic spot market fell amid a weak trend overseas.
Gold price zoomed to Rs 31,550 per 10 grams -- a 30-month high -- by soaring Rs 450 Wednesday, tracking a solid trend overseas amid increased buying by jewellers to meet rising demand at the domestic spot market.
Gold rose to a fresh two-and-a-half-week high on Wednesday after gaining nearly 2 percent in the previous session, as disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will keep rates on hold in September.
Continuing its uptrend for the fourth straight day, gold reclaimed the key 31,100 per 10 grams level Tuesday on sustained buying interest from stockists and retailers amid strong global cues.