Silver coins remained steady at Rs 52,000.
The RBI has issued guidelines and the government has notified it.
Globally, gold fell 0.2 per cent to $1,162.25 an ounce in Singapore.
What should investors do post-demonetisation?
Gold falls on muted demand, silver shapes up on fresh buying.
Gold continued with its record-breaking rise in the national capital on Wednesday, surging by Rs 300 to Rs 19,500 per 10 grams, while silver also hit an all-time high after gaining Rs 370 to Rs 32,400 per kg.
Globally, gold fell by 0.24 per cent to $1,182.80 an ounce and silver shed 0.72 per cent to $15.89 an ounce in London.
Gold prices rose by Rs 20 to Rs 27,050 per ten grams at the bullion market on Tuesday.
Junior Civil Aviation Minister G M Siddeshwara told Parliament that disciplinary action has been taken against the employees.
Silver also fell 0.7 per cent to $15.71 an ounce.
The gold-mad city has woken up to a massive scam as investigators discovered that at least 200 ounces of fake bullion, worth about $250,000 have been traded at the island`s fabled jewellery souks so far this year, Financial Times reported.
Buying activity in silver gathered momentum as the metal prices rose in global markets amid fresh buying by stockists and jewellers for the marriage season, traders said.
Gold price surged to all-time high of Rs 21,000 per ten grams; while silver rate sets a new record of Rs 44,000 per kg in the Delhi bullion market on Wednesday on hectic buying from stockists triggered by sharp rise in the global market.
While India remains the largest consumer of gold ahead of China, our citizens unlike the Chinese are yet to start any meaningful diversion of their assets in the bullion to protect themselves against inflation
Gold in Singapore, which normally sets price trend on the domestic front, rose 0.5 per cent to $1,206.30 an ounce.
Banks argued that the competition to import gold on behalf of jewellers is increasing.
Gold imports in India are estimated to have declined by 50 per cent to 30 tonnes during June-July.
Money changers operating behind the RBI HQ in Mumbai said they would charge a 15% fee to convert Rs 1 crore.
Jewellers initially feared the ban applied on them, too. However, after discontinuing their monthly schemes for almost two weeks, they've started accepting deposits again.
Silver also declined by Rs 180 to Rs 39,175 per kg.
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Gold edged higher by 0.19 per cent to $1,225.80 an ounce
Bulk seizures of new currency continued on Saturday with some more incidents being reported, including one in which the IT department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom tiles of a hawala dealer in Chitradurga district in Karnataka.
It claimed doctors were being paid 'for referring medical tests'.
Gold prices on Friday fell by another Rs 25 to Rs 27,225 per ten grams at the bullion market in the national capital due to slackened demand at prevailing levels from jewellers and retailers amid a weak trend overseas.
Silver coins, however, held unchanged at Rs 70,000.
Silver also eased by Rs 150 to Rs 41,700 per kg.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
Prospective buyers might grumble about skyrocketing gold prices, but the recent run-up in bullion has one group of unexpected beneficiaries - companies who lend against gold.
Gold drops Rs 110 on macro factors.
After falling for three straight days, gold prices recovered by Rs 50 to Rs 26,700 per ten grams at the bullion market on Friday.
Gold prices plunged and closed below the psychologically-significant Rs 29,000 per 10 grams mark at the local bullion market on Monday on consistent selling by stockists and speculators despite firm global sentiment.
Gold prices fell further at the local bullion market on Saturday due to reduced off-take by stockists as well as lack of local buying support at the existing levels.
Gold jumps on good seasonal support; silver extends losses.
Gold prices firmed up further and reclaimed the key psychological Rs 30,000 per 10 grams mark at the domestic bullion market on continued retail buying support amid buoyant overseas sentiment.
Gold closed at its highest level in nearly two weeks.
Silver surged by Rs 1,575 per kg on higher speculative and industrial offtake.
The Reserve Bank of India's platinum jubilee celebrations in Mumbai on Thursday served as a poignant moment for Prime Minister Manmohan Singh to reminisce about the time he was the custodian of the country's monetary and bullion reserves.
Gold prices plunged on the bullion market in New Delhi on Wednesday on aggressive offloading by the stockists and traders, sparked by a sharp fall in overseas markets. Silver, too, met with frantic selling pressure due to the prevailing overall trend. Standard gold (99.5 purity) tanked by Rs 305 per ten grams to close at Rs 17,305 from overnight's closing level of Rs 17,610. Pure gold (99.9 purity) dropped by a similar margin to end at Rs 17,395 from Rs 17,700 on Tuesday.
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