Gold has bounced back gaining Rs 825 in the last eight days.
The precious metal had gained Rs 335 in the last two days.
Gold lost its sheen with prices falling by Rs 120 to Rs 28,300.
Modi said his critics were seeing slowdown in the last two quarters but were ignoring that the BJP government had brought down inflation from 10% to 2.5%.
Gold prices drifted by Rs 100 to Rs 28,400 per ten grams at the bullion market today as demand from jewellers and retailers eased at existing levels amidst a weak global trend.
Gold price recovered a bit on favourable cues from global markets.
Traders said apart from subdued demand from jewellers and retailers, a weakening global trend on easing of tensions in Ukraine mainly kept pressure on gold prices.
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Silver followed suit and lost Rs 645 at Rs 42,880 per kg on reduced offtake by industrial units and coin makers.
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Traders say the outlook for the rupee has improved on the back of a sharp narrowing in the current account deficit after government and central bank emergency measures such as curbing gold imports.
The rupee settled at 61.71. In straight three sessions, the currency has shot up 51 paise or by 0.82 per cent.
Silver followed suit and lost Rs 350 at Rs 43,950 per kg on reduced offtake by industrial units and coin makers.
Silver also dropped by Rs 300 to Rs 38,400 per kg.
"It would be a big deal, increasing the team's appeal and also because it would bigger business for Juve, through merchandising," a Milan-based trader said.
The rupee breached the key 47.9 per dollar mark to end Thursday at a new 13-month high, with the central bank refraining from absorbing robust inflows in view of the weak outlook for the US unit
old tumbled by Rs 250 to over six-week low of Rs 26,150 at the bullion market today.
Silver also shot up by Rs 400 to Rs 34,400 per kg.
Gold prices on Monday recovered by Rs 25 to trade at Rs 27,475 per 10 grams at the bullion market on pick-up in demand from jewellers.
Subdued demand from jewellers in the domestic market and shifting of funds towards the surging stock markets also weighed on gold prices.
Silver also lost Rs 550 to Rs 36,350 per kg on poor offtake by industrial units and coin makers.
Traders said apart from fresh buying by jewellers and retailers, firm global trend amid signs of increased demand in China and India, the world's two largest consumers, influenced gold prices.
Traders said stockists selling on sluggish demand at prevailing higher levels mainly kept pressure on the two commodities.
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Traders said stockists buying for the marriage season amid a firm global trend mainly led the recovery in gold prices.
While okra was being sold for Rs 100-120 a kg and cauliflower for Rs 120-140 a kg in Mumbai and its suburbs, all other vegetable prices have increased by almost 100 per cent since July 20.
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Gold prices on Saturday rose further by Rs 40 to Rs 27,350 per ten grams at the bullion market in New Delhi on the back of rising demand from jewellers, driven by ongoing wedding season.
Silver also rose further by Rs 100 to Rs 37,600 per kg.
Traders said besides low demand from jewellers and retailers, a weakening global trend -- amid the US employment data and strengthening dollar reducing appeal for the precious metals -- kept pressure on gold prices.
In New York Market, the US dollar rose against the Australian dollar on Tuesday as gold futures dropped more than two per cent and investors anticipated Chinese data that is likely to show a slowing of growth.
'I felt that the idea about putting money into bank accounts of the poor was a right one if implemented with sincerity'
However, silver remained under selling pressure for the sixth straight session and shed Rs 30 to Rs 43,470 per kg.
The precious metal had gained Rs 435 in the previous three sessions.
Silver followed suit and recovered Rs 400 to Rs 34,100 per kg.
'It is perplexing to see the leader of the First World with a first rate medical infrastructure come up short on its foresight to handle the pandemic,' notes Group Captain Murli Menon (retd).
Silver also dropped by Rs 400 to Rs 35,650 per kg.
The yellow metal had shed Rs 20 on Tuesday.
Silver also dropped by Rs 900 to Rs 42,500 per kg on poor offtake by industrial units and coin makers.
Traders said persistent buying by jewellers and retailers to meet the festive season demand and a firming global trend as the drop to this year's low lured Chinese buyers returning from a week-long break, mainly kept gold prices higher.
Hospitals are working in full force with doctors desperately trying to revive the critically injured, giving oxygen to some and saline and first aid to others.
Snapping its four-day losing streak, gold rebounded by Rs 100 to Rs 27,070 per ten grams at the bullion market on Wednesday.
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