In the international market, gold dropped 0.3 per cent to $1,141.76 an ounce in Singapore today.
silver coins held steady at Rs 52,000 for buying.
Gold prices remained steady for the second straight day at Rs 27,250 per 10 grams at the bullion market on Tuesday.
The PM asserted that 'we know how to take challenges head-on'.
Gold prices are seen heading northwards on improved demand.
'A perception has been built in our country that whatever Modi says you cannot challenge that.'
The rupee dropped on renewed demand for the American currency.
The ongoing wedding season could not boost the trading sentiment and low demand from jewellers and retailers was witnessed, traders said, adding that a weak global trend because of strengthening of dollar also reduced appeal for the bullion.
Gold prices fell by Rs 30 to Rs 27,160 per 10 grams at the bullion market on Saturday.
Gold prices plunged by Rs 200 to trade at Rs 27,000 per 10 grams at the bullion market on Thursday.
Data showed the country's wholesale price-based inflation eased to an eight-month low in January as food prices moderated, offering some relief to policymakers who have long battled to get a handle on surging prices.
Silver also recovered by Rs 200 to Rs 37,000 per kg.
All international passengers will henceforth be screened at airports, Health Minister Harsh Vardhan said at a press conference. Earlier, travellers from only 12 countries were screened at airports for the disease that has claimed over 3,000 lives and infected more than 90,000 worldwide.
A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.
Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
Traders said stockists buying for the ongoing marriage season mainly led the recovery in gold and silver prices.
Traders said stockists selling in tandem with a weak global trend mainly pulled down gold and silver prices.
Globally, gold gained 0.4 per cent to $1,098.62 an ounce and silver gained 0.9 per cent to $14.95 an ounce in Singapore.
Silver gained Rs 350 to Rs 36,550 per kg on increased offtake.
Gold prices rose further by Rs 80 to Rs 29,480 per 10 grams in the national capital today on sustained buying by stockists and retailers.
Silver followed suit and gained Rs 65 to Rs 39,600 per kg on increased offtake by industrial units and coin makers.
The US dollar index, which tracks the greenback against a basket of six major currencies, was 0.38 per cent lower at 95.41.
The domestic currency had lost 63 paise to close at over four-month low of 61.18 against the dollar in Friday's trade on weakness in global stock markets and a strong US currency overseas.
This is the biggest one-day fall in the rupee since August 3, 2016
Silver also traded lower by Rs 100 to Rs 37,200 per kg.
Silver traded lower by Rs 135 to Rs 36,750 per kg.
Silver coins also tumbled by Rs 1,000 to Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces.
Silver also eased by Rs 200 to Rs 37,200 per kg.
In the national capital, gold of 99.9 and 99.5 per cent purity advanced by Rs 160 each to Rs 31,350 and Rs 31,150 per ten grams, respectively.
Traders said fall in demand from jewellers and retailers at existing levels mainly led to the fall in gold prices but a better trend overseas restricted losses.
Silver, however, found some buying support.
The Election Commission on Friday recommended President Ram Nath Kovind that the 20 MLAs be disqualified.
After claiming that there will be an "earthquake" if he speaks, Rahul Gandhi on Wednesday alleged that he has detailed information about "personal corruption" by Prime Minister Narendra Modi which he wants to present in Lok Sabha but is not being allowed to do so by the prime minister.
'None of his grandparents, and only one of his parents, was born in the US or spoke English as their mother tongue.' 'Of his three wives, one was born in Czechoslovakia and one in Slovenia.' 'Where would Trump have been if they, too, had 'rejected the ideology of globalism and embraced the doctrine of patriotism'?' asks Sunanda K Datta-Ray.
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The government on Tuesday announced hikes in import duties for gold and silver, but it has yet to unveil other details such as its plan to tax imports of non-essential items.
A political party's manifesto is the first stage of building a compact with the voters in any governance plan. If that compact is dependent on a document that reeks of fiscal imprudence and lacks credibility, it is a serious setback to the country's democracy and governance, says A K Bhattacharya.
Traders said some buying by jewellers and retailers and a firm trend in Asian region mainly kept gold prices steady.
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
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