In July alone, 2.5 tonnes of gold coins were imported so far from South Korea under zero-duty facility
Silver also eased by Rs 160 to Rs 41,100 per kg.
Opportunity knocks for Serena Williams on the grass courts of Wimbledon next week when she faces a diminished field on her best surface at the famous All England Club.
Should international cricket 'toss away' the toss to ensure an even playing field?
Silver also recovered by Rs 500 to Rs 37,300 per kg.
Silver, however, recovered by Rs 250 to Rs 36,000 per kg.
Traders said restricted buying from jewellers and retailers mainly kept precious metals at previous levels.
Gold prices recovered by Rs 50 to Rs 26,800 per 10 grams at the bullion market on Friday.
Silver also eased by Rs 150 to Rs 41,700 per kg.
Traders said scattered buying by retailers amid a firm global trend, where gold climbed to six-month high, and escalating tension in Ukraine mainly boosted demand for the precious metals as a safe haven.
Gold prices are seen heading northwards on improved demand.
After recording significant decline in September, gold and silver imports jumped by 62.5 per cent to $1.3 billion in October this year.
Globally, gold climbed $12.10, or 1 per cent, to $1,220.40 an ounce.
From its March 2020 low, Bitcoin has gained a massive 474 per cent and has surged 214 per cent year-to-date.
Gold prices declined by Rs 30 to Rs 27,370 per ten gram in New Delhi on Friday as demand from jewellers retailers dried up at prevailing levels to some extent amidst a weak global trend.
Gold slips by Rs 150 on low demand.
'India should start leveraging rather than banning crypto.'
Modi's unexpected announcement of achieving net zero by 2070 may have neatly deflected the pressures on India to sign up to an ambitious pledge but it does nothing to dispel the ecological emergency that threatens all life on the planet, , points out former forerign secretary Shyam Saran, the prime minister's special envoy and chief negotiator on climate change 2007-2010.
'2,000 years later, we all want the same thing -- we want to live a healthy life, a life that has quality.' 'And Chanakya tells you exactly how to do that.'
Globally, in Singapore, gold traded a tad higher at USD 1,182.22 an ounce, from $1,182.01 on Thursday.
Gold in Singapore, which normally sets price trend on the domestic front, traded at $1,316.40 an ounce from $ 1,316.58 on Thursday.
Last year on Dhanteras, the precious metal stood at Rs 31,400 per 10 grams.
Silver halted its four-day rising trend and declined by Rs 65 to Rs 41,000 per kg.
The yellow metal had shed Rs 20 on Tuesday.
Traders said sluggish demand at prevailing higher levels amid a weak trend in Asian region mainly led to decline in gold prices while increased industrial demand helped silver to trade higher.
Gold prices firmed up after Tuesday's decline, mainly because of fresh buying by local jewellers at the domestic spot market, coupled with a better trend globally.
Traders said some buying by jewellers and retailers and a firm trend in Asian region mainly kept gold prices steady.
Silver also advanced by Rs 200 to Rs 36,500 per kg.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
Silver followed suit and gained Rs 65 to Rs 39,600 per kg on increased offtake by industrial units and coin makers.
On the domestic front, gold of 99.9 and 99.5 per cent purity plunged by Rs 220 each to Rs 30,800 and Rs 30,600 per ten grams, respectively.
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
Silver ready also moved up by Rs 50 to Rs 38,800 per kg while weekly-based delivery fell by Rs 160 to Rs 38,250 per kg on lack of buying support from speculators.
Silver also recovered by Rs 250 to Rs 37,300 per kg.
Silver followed suit and advanced by Rs 50 to Rs 33,750 per kg.
Silver also turned weak and dropped by Rs 350 to Rs 41,200 per kg on reduced offtake by industrial units and coin makers.
'The PM of India was 20 km away from the Pakistan border and he is one of the persons under extreme threat from that country and they put his life in danger.'
Silver also shot up by Rs 400 to Rs 34,400 per kg.
Silver followed suit and traded Rs 90 higher at Rs 38,290 per kg on increased offtake by industrial units and coin makers.
Silver also rose 0.8 per cent to $16.63 an ounce.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances