The most-active gold contract for December delivery was 0.99 per cent lower at 30,109 rupees ($470) per 10 gram at 0934 GMT on the Multi Commodity Exchange.
India has imposed several restrictions on imports of gold, the biggest non-essential import item, to curb a record trade deficit.
If hallmarking data are anything to go by, the proportion of spurious jewellery in the country might have shrunk significantly in the past five years.
Measure to be implemented in metros first, followed by state capitals, district HQs and rest of country
Indian gold demand seen falling to 8-year low in festive quarter.
India made it mandatory for customers to disclose their tax code, or Permanent Account Number (PAN), for purchases above Rs 200,000.
