Spot gold was trading little changed at $1,315.15 an ounce in early European trade.
India's schedule on Sunday, August 7, Day 10 of the Birmingham Commonwealth Games.
40-50 tonnes of gold may have been smuggled into India in July-September; industry seeks duty cut
Standard gold continued its rising momentum 6th straight day on Wednesday recording a staggering Rs 620 or Rs 2.83 per cent rise since May 19.
The government's move to make hallmarking for gold mandatory from January 1, 2008 has got into bottlenecks thanks to lukewarm response from jewelers across the country.
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.
The hallmarking of gold, which is voluntary in nature at present, is a purity certification of the precious metal.
Pure gold of 99.9 per cent purity gained by Rs 120 per 10 gm to close at Rs 30,470 from Rs 30,350.
On the other hand, silver rose on good speculative as well as industrial demand.
Gold plunged sharply to hit a three-month low.
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India's only para-athlete to win two Paralympics gold medals, Devendra Jhajharia is overwhelmed to have found a 'fan' in country's Olympic champion Abhinav Bindra, which he feels would motivated him to go for his second yellow metal at the upcoming World Championships.
Samoa's Don Opeloge 381kg (171kg+210kg) bettered his 2018 silver by clinching gold with a record-breaking performance.
Gold has traditionally been the standard by which the value of anything is assessed
Continuing the record-setting spree, gold prices on Thursday climbed to Rs 18,399 per ten gram for April delivery amid weak US dollar.
Gold prices resumed the day on a historic high at the bullion market in Mumbai on Thursday, with standard gold (99.5 purity) opening at Rs 6675 per ounce, a level not seen before.
Gold rises on firm demand, global buoyancy
Ravindra Chauhan, a regular commodity investor, is now regretting his decision to invest in gold, which fetched him only 6.08 per cent in the last one year because of a stronger rupee. He says that most banks' fixed deposits would have made him richer by at least 9 per cent during the same period with little holding risk.
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India's gold obsession needs a correction.
The recent round of sell-off is losing momentum and buying is again picking up due to firm marriage season demand.
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In the first phase the yellow metal sold in four metro-Delhi Mumbai Kolkata and Chennai would compulsorily have hallmarking, assuring the purity, while the rest of the country would have to implement the norms in the next few months.India consumes on an average 800 tonnes of gold each year.
Banks in talks with temple trusts to push gold scheme
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%.
Rajasthan's Mahaveer Singh and Tejaswini Sawant of Maharashtra were among the shooters to have won the gold medals on the 10th day of the 56th National Shooting Championship in New Delhi.
The duo combined to give India the first place in the men's standard pistol event at the Commonwealth Shooting Championships.
Commonwealth Games gold medalist Krishna Poonia, on Thursday, won gold in women's discus throw event in the Harvest Throw Meet in Portland, United States.
Indian jewellery is widely prized for intricacy and craftsmanship.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
The 42-day break would give Kohli the time to introspect, and rejuvenate his cluttered mind.
Gold prices dropped at the bullion market on Thursday on selling by stockists and traders following mute demand due to prevailing high prices and lower global cues.
Lack of security provisions coupled with inadequate infrastructure and lukewarm response from jewellers have put the government decision of making hallmarking mandatory for gold from January 1, 2008 into uncertainties.
Prices rose further on the bullion market in Mumbai on Tuesday as silver hardened smartly on heavy stockists' demand and gold closed higher in line with firm overseas advises.
Gold closed at its highest level in nearly two weeks.
Precious metals plummeted on the bullion markets across the board on weakening international trend, as gold lost between Rs 300 and Rs 220 per ten gram and silver by Rs 1015 and Rs 450 per kilo.
The government on Thursday said nearly 7,000 jewellers have been granted hallmark licences after the quality standards, or hallmarking, for gold were launched in 2001.
India's only individual Olympic gold medallist Abhinav Bindra was named on a panel entrusted with the task of preparing the blueprint for the country's success at the next three Games, the sports ministry said on Monday.
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