Silver also turned weak and dropped by Rs 350 to Rs 41,200 per kg on reduced offtake by industrial units and coin makers.
Britain's Andy Murray, bristling with confidence after ending a three-year wait for another Grand Slam title at Wimbledon, will seek to make history in Brazil by becoming the first man to win successive Olympic gold medals in men's singles tennis.
Smuggled gold, which is selling sharply lower than the spot market price, is also responsible for discounts not ending. Some consumers are selling high amounts of gold.
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
A dedicated physical gold exchange could lead to standard gold pricing in India.
Spot gold was trading little changed at $1,315.15 an ounce in early European trade.
Minutes earlier, Sarkar had been in the media tribune, capturing the proudest moment of his coaching career on a modest mobile phone as Barman stood on the podium shrouded in India's tri-colour flag with the gold medal around her neck.
The 16-year-old claimed the top honours in the men's 10m air pistol event at the season-opening ISSF World Cup.
Investors looking to make a quick buck from the yellow metal should hold on for now.
Watching Aavesham is like sprinting through the whole history of our mass-masala movies and seeing it in a new light, notes Sreehari Nair. And this, incidentally, is the story of Fahadh Faasil's career too.
Supply through recycling of used gold declined to around 10 tonnes in the second quarter of the current calendar year.
A sensational run over the last two weeks has given wings to Ashwini Ponnappa's Olympics dreams, and the ace Indian shuttler now wants to continue her fine run in the upcoming bigger tournaments to stay on course for a trip to Paris.
Cricket is bidding to join the programme at the 2028 Los Angeles Olympics and a decision is expected soon. Gaikwad said his players were enjoying their first major multi-sport Games as athletes and fans.
They help diversify portfolio and are less risky.
Silver coins, however, held unchanged at Rs 70,000.
As for the new investors, they must be thinking whether to invest in gold to gain from upside or should wait for a correction.
Comedies are a difficult genre to pull off in today's day and age, thanks to the audiences' increasing exposure to diverse content and dwindling attention spans. Still, there are quite a few Tamil movies that can bring on the laughs. Arjun Menon lists the recent releases you can watch at home.
At nine-month high, current prices attractive; consumers want to cash in before a correction
Tajinderpal Singh Toor stamped his authority in the continental circuit by defending his Asian Athletics Championships title before limping out of the competition
The government has retained 10% duty on import of the yellow metal.
The value of the gold reserves increased $78.2 million to $22.764 billion
Spot gold slipped 0.2 per cent to $1,579.06 an ounce.
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Tejaswin will however focus on Asian Games 2023, which will be held from Hangzhou, China from September 23 to October 8.
'We have entered the commodity space with a long-term view.'
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
The retailers are also mulling putting a stop to selling of gold coins and gold bars to curtail investments made in gold, according to an official of trade body All India Gems and Jewellery Trade Federation.
The Sovereign Gold Bonds will be sold through banks, Stock Holding Corporation of India Limited, designated post offices and recognised stock exchanges -- the NSE and BSE.
This is the first Olympic qualifier where the top-three finishers in individual and team categories will get berths at the Paris Games.
The bank believes that that gold prices will recover this year and retain a pronounced bullish posture.
Meanwhile, Amlan Borgohain of Assam and Jyothi Yarraji of Andhra Pradesh clinched gold in the 100m events.
Inbee Park has two words for doubters who thought she should sit out the Olympics and give her spot to another South Korean: gold medal.
Ace Indian pistol shooter Manu Bhaker on Sunday indicated that not being allowed the freedom to take her personal coach Jaspal Rana in major international competitions could be holding back her performance, and requested the NRAI to resolve the issue.
Summary of sports events and persons who made news on Sunday
Debutant teenager Saurabh Chaudhary clinched India's first shooting gold of the 18th Asian Games, fetching the top honours in the men's 10m air pistol event, in Palembang, on Tuesday.
'I had calculated that I have to run below 4 minute 40 seconds in the 1500m if I have to qualify for the Asian Games. I achieved that not because I was capable of but because of my co-competitors. Each one of them said that they have to push this guy (Shankar) to finish on time. One guy was running with me all the time in the race only to push me ahead.'
A workshop has been organised in Mumbai to come up with suggestions.
It makes sense to wait for govt schemes such as gold bonds.
Here are some highlights -- in pictures -- from Day 2 of the events at Gold Coast...
Silver, platinum and palladium all declined.
