Gold in Singapore, which normally sets price trend on the domestic front, rose 0.3 per cent to $1,199.65 an ounce.
Silver also turned weak and prices eased by Rs 100 to Rs 36,900.
Gold has bounced back gaining Rs 825 in the last eight days.
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Silver also fell sharply by Rs 550 to Rs 38,000 per kg.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
Snapping their three-day falling trend, gold prices surged by Rs 375 to trade at Rs 26,375 per 10 grams at the bullion market.
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
Silver also edged higher by Rs 100 to Rs 36,100 per kg.
Silver also recovered by Rs 500 to Rs 37,300 per kg.
gold prices fell by Rs 210 to Rs 26,600 per 10 grams.
Silver, however, recovered by Rs 50 to Rs 36,800 per kg
Customs officials are busy at ports and airports, scanning passengers to ensure that COVID-19 virus-affected people are traced. So, officials are not able to focus much on baggage checking. This could lead to more gold getting smuggled into the country as luggage check at airports is now random unlike earlier where every bag was checked thoroughly.
The precious metal had gained Rs 335 in the last two days.
Following the Reserve Bank easing he 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali.
A sharp decline in sales and prospects of a grim future have resulted in a fall in jewellery stocks.
Gold price recovered a bit on favourable cues from global markets.
Silver also dropped by Rs 300 to Rs 38,400 per kg.
Gold prices declined by Rs 100 to Rs 28,200 per 10 grams at the bullion market on Friday
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.
Silver followed suit and recovered Rs 400 to Rs 34,100 per kg.
Gold prices surged by Rs 150 to trade at fresh three-month high of Rs 27,575.
Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall.
Silver also extended its rally for the eighth day.
The decline is mainly due to the record high prices that dampened consumer demand, Bombay Bullion Association director Suresh Hundia said, adding volume of shipment also declined in October as the festival demand is no longer there.
Spot gold was up 0.6 percent at $1,103.60 an ounce by 0318 GMT, after an early low of $1,096.65.
Silver declined by Rs 200 to Rs 38,550 per kg.
Silver also recorded a steep fall of Rs 1,550 to Rs 34,450 per kg.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Globally, gold declined from the highest level.
Silver also remained under selling pressure.
The demand for the precious metal declined as the prices hovered between Rs 14,500 to Rs 15,000 per 10 grams level in the domestic markets, Bombay Bullion Association president Suresh Hundia told PTI from Mumbai. Multi Commodity Exchange October gold was ruling at Rs 14,865 per 10 grams on Monday, while in global markets it was at $935.8 an ounce (28.34 grams).
Gold prices may trade higher in the coming days because of weaker dollar and speculations of US Fed rate cut.
Silver also rebounded by Rs 450 to Rs 38,100 per kg
Gold import stood at 18 tonnes in May, according to the data provided by the Bombay Bullion Association. Gold prices ruled over Rs 14,600 per 10 grams level in both spot and futures markets last week. In the international markets gold prices were at 938.55 an ounce (28.34 grams).
The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.
Gold slips by Rs 150 on low demand.
Concern would kick in if imports stay at or over 100 tonnes a month.
Gold surged by Rs 325 to trade at over three-month high of Rs 27,890 per 10 grams at the bullion market on Thursday.
Gold regained its sheen on Wednesday by soaring Rs 315 to Rs 27,565 per 10 grams at the bullion market.
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Bullion merchants said apart from sustained buying by jewellers and retailers to meet rising wedding season demand, a firming global trend mainly boosted the sentiment.
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