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Gold prices on Tuesday rose by Rs 227 to Rs 28,418 per 10 gm in futures trade, largely on speculative positions created by participants amid a firming trend at the spot market.
In the international market, gold dropped 0.3 per cent to $1,141.76 an ounce in Singapore today.
Silver also reclaimed the Rs 34,000 per kg mark.
Gold prices surged by Rs 150 to trade at fresh three-month high of Rs 27,575.
Silver also dropped by Rs 300 to Rs 38,400 per kg.
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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.
Silver also drifted by Rs 600 to Rs 39,100 per kg.
Gold prices rose by Rs 40 on the bullion market in Mumbai on Monday due to increased demand after a steep rise in the global prices.\n\n\n\n
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Silver declined by Rs 200 to Rs 38,550 per kg.
Silver also rose 0.8 per cent to $16.63 an ounce.
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In line with overall trends, silver ready traded lower by Rs 350 to Rs 36,950 per kg and weekly-based delivery by Rs 480 to Rs 36,945 per kg.
While gold shot up by Rs 260 to Rs 30,160 per 10 grams, a level last seen on July 9, silver rose by Rs 100 to Rs 52,650 per kg on increased offtake.
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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.
Gold slips by Rs 150 on low demand.
Gold prices dipped below the 29K mark to a three-week low of Rs 28,840 per 10 gm, down by Rs 475, in the national capital today on continued selling by stockists sparked by a weakening global trend amid drying up demand.
Silver followed suit and rebounded by Rs 400 to Rs 44,800 per kg on increased offtake by industrial units and coin makers.
Silver followed suit and dropped by Rs 325 to Rs 37,100 per kg.
Extending losses for the second straight session, both gold and silver today declined in the national capital due to subdued demand from stockists at prevailing higher levels amid a weak Asian trend.
Traders said buying activity in gold picked as stockists enlarged their positions for the rising wedding season demand.
Silver also eased by Rs 50 to Rs 38,800 per kg.
Gold price recovered a bit on favourable cues from global markets.
The retail industry witnessed robust top-line growth for the greater part of the previous financial year, but demand has started to show signs of fatigue seen in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23), especially in the apparel and innerwear segments. Jewellery, however, has managed to hold on to demand in the quarter. "In the discretionary space, demand moderation in urban markets is expected to impact the quick-service restaurant and apparel categories the most, while paint, luggage, and jewellery should see resilient growth," Systematic Institutional Equities observed in its preview of the sector.
gold prices fell by Rs 210 to Rs 26,600 per 10 grams.
Gold falls on muted demand, silver shapes up on fresh buying.
Globally, gold climbed 1.85 per cent to $1,230.70 an ounce.
The sentiment in gold remained bearish as the metal traded near its lowest level since September, 2010 in global markets.
The precious metal had gained Rs 335 in the last two days.
Regaining the lost sheen, sales of gold jewellery and coins are set to touch pre-COVID levels in volume terms on the auspicious Dhanteras as easing pandemic concerns and pent up demand saw consumers flocking to stores to buy the precious metal. Increased footfall at stores and brisk sales online as well as relatively softer gold prices compared to record Rs 57,000 per 10 grams level in August spurred increased buying, especially light weight offerings, on Tuesday. Dhanteras is considered to be auspicious for buying precious metals and other valuable items.
Gold remained weak for the second straight day and prices fell by another Rs 190 to Rs 26,810 per ten grams.
Gold in New York, which mostly set the price trend on the domestic front, jumped up by $33.50, or 2.73 per cent to $1,262.60 an ounce and silver by 0.68 per cent to $16.96 an ounce in Thursday's trade.
Dhanteras has cheered up jewellers as it has turned out to be the best in three years, thanks to the lower price of the yellow metal and pent-up demand. In Mumbai's Zaveri bazaar, buyers came in out force and jewellers did not have to depend on freebies to induce sales, even though all of them had announced some offers. In fact, more discounts were announced for diamond and studded jewellery.
Gold prices plunged by Rs 410 to trade at over two-week low of Rs 27,790 per 10 grams at the bullion market on Monday.
Diversion of funds towards the surging equity weighed on the precious metal's price
Silver also dropped for the fifth straight day and declined further by Rs 375 to Rs 39,250 per kg on reduced offtake by industrial units and coin makers.
Silver followed suit and traded Rs 90 higher at Rs 38,290 per kg on increased offtake by industrial units and coin makers.
She's the beauty with an extremely good fashion sense.
India's merchandise exports rose by 9.1 per cent to $38.13 billion in May even as the trade deficit widened to a seven-month high of $23.78 billion during the month, according to government data. Healthy growth in sectors, such as engineering, electronics, pharmaceuticals, textiles and plastics helped register growth in exports despite global economic uncertainties.
Silver eased by Rs 150 to Rs 37,100 per kg lacking necessary buying from industrial units.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
Silver also recorded a sharp fall of Rs 1,000 to Rs 37,400 per kg.
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