Silver traded higher by Rs 250 to Rs 34,400 per kg.
The days of spot prices of gold differing from one city to another will soon be over.
All wholesale commodity markets, including bullion and metals, will remain closed on Monday on account of 'Republic Day'.
Globally, gold added 0.4 per cent to $1,163.73 an ounce in Singapore.
Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods which attract 1 per cent TCS on cash purchase of above Rs 2 lakh.
Rajkot-based bullion trader Pankaj Lodhya, who has been named by the Centre in an affidavit filed before the Supreme Court in the black money case, on Monday denied having a foreign bank account and said he was shocked to find his name in the list.
Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.
The metal has gained Rs 860 in last six trading sessions.
Gold prices were ruling at Rs 26,385 per ten gram at the bullion market while silver was quoted at Rs 34,000 per kg.
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Silver managed to recover some grounds.
Globally, gold climbed 1.85 per cent to $1,230.70 an ounce.
Globally, gold lost 0.4 per cent to $1,274.19 an ounce in Singapore.
Traders said besides increased offtake by jewellers, both precious metals improved on some buying by investors who shifted their money from easing equities to the bullion.
Silver also rose by Rs 100 to Rs 37,400 per kg.
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Spot gold was bid lower at $ 1,298 an ounce in early European trade.
Silver too advanced by Rs 100 to 38,700 per kg.
'The more retail investors keep away from speculative activity, the more they will manage their risks better.'
The industry is estimated to have incurred a loss of Rs 10,000 crore (Rs 100 billion).
Gold surged to a fresh all-time high of Rs 28,540 per 10 grams in the bullion market today on sustained buying by stockists and investment-driven purchases fuelled by the bullish trend in international markets.
Gold prices on Thursday fell by Rs 180 to trade at Rs 26,870 per 10 grams at the bullion market.
The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
Silver coins continued to be traded at last level of Rs 48,000.
Globally, gold added 0.4 per cent to $1,228.65 an ounce in Singapore.
Gold drifted lower by Rs 200 to trade at one-week low of Rs 31,050 per ten grams.
Silver eased by Rs 150 to Rs 37,100 per kg lacking necessary buying from industrial units.
Gold prices rose by Rs 100 to Rs 26,550 per 10 grams at the bullion market on Tuesday.
Silver rose by Rs 50 to Rs 36,050.
The precious metal has now lost Rs 280 in last three days.
Silver also surged by Rs 1,050 to Rs 35,500 per kg on increased offtake by industrial units and coin makers.
While players like Paytm, MobiKwik, and PhonePe allow you to buy gold for Rs 1, Amazon Pay has kept the minimum amount at Rs 5. Digital gold is essentially an avenue for investing in physical gold.
Globally, gold fell nearly 3 per cent
A dedicated physical gold exchange could lead to standard gold pricing in India.
In the international market, gold dropped 0.3 per cent to $1,141.76 an ounce in Singapore today.
The precious metals had lost Rs 210 in the previous session.
silver coins held steady at Rs 52,000 for buying.
Most of the jewellers who had reopened their showrooms in confusion on Monday, kept shutters down today at Mumbai's Zaveri Bazar and several other places, demanding rollback of the proposal.
Gold extended its slump for the second day and shed another ₹ 350 to hit a six-month low of ₹ 29,000 per 10 grams in the bullion market.
A sharp fall in Sensex and rupee against dollar and strong global cues also contributed to the upsurge in gold price, which posted the biggest single-day gain after August 19, 2011. Interestingly, the metal had shot up by Rs 1,310 on August 19, 2011 as well.
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