Gold prices remained steady for the second straight day at Rs 27,250 per 10 grams at the bullion market on Tuesday.
Priyanka Chopra, Tamannaah Bhatia, Khushi Kapoor turned the Bvlgari showcase into a star-studded style spectacle.
In Mumbai, gold of 99.9 and 99.5 per cent purity traded at Rs 29,915 and Rs 29,765 per ten gram, while silver enquired at Rs 45,450 per kg.
Defending champion Neeraj Chopra signed off with a silver medal in the Olympics men's Javelin Throw in Paris on Thursday. Pakistan's Arshad Nadeem was a class above the field, setting a new Games record of 92.97 metres for the gold medal.
The government on Monday reduced import tariff value on gold to $388 per 10 grams and on silver to $540 per kg, following global price trends.
Silver also dropped by Rs 550 to Rs 40,350 per kg.
The 18-year-old Sairam and the 32-year-old Willson Sing, both from Manipur, train at the Army Sports Institute (ASI) in Pune.
Portugal's Isaac Nader delivered a stunning upset at the World Athletics Championships, as he claimed a surprise gold medal in the men's 1,500 metres.
Marketmen said besides low demand from jewellers and retailers at prevailing levels, a weak global trend as the dollar touched a five-year high, damping investor demand for the metal as a safe-haven, weighed on gold prices.
Jaismine Lamboria (57kg) and Minakshi Hooda (48kg) carved their place in Indian boxing history by clinching titles with hard-fought wins at the World Championships in Liverpool.
Two-time Olympic medallist Chopra won gold at the Potch Invitational Track event in Potchefstroom, South Africa, on Wednesday.
Namrata Thakker looks at the ladies, who have been slaying with six yards of elegance.
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.
Silver also edged higher by Rs 100 to Rs 36,100 per kg.
On the domestic front, gold of 99.9 and 99.5 per cent purity plunged further by Rs 375 each to Rs 28,350 and Rs 28,150 per 10 grams, respectively. Sovereigns continued to be asked around previous level of Rs 24,400 per piece of eight grams in scattered deals.
Gold prices on Monday recovered by Rs 25 to trade at Rs 27,475 per 10 grams at the bullion market on pick-up in demand from jewellers.
At the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 20 each to Rs 30,180 and Rs 29,980 per ten grams, respectively.
Traders said reduced offtake by stockists at prevailing higher levels and sluggish demand mainly kept pressure on both gold and silver prices.
'Our brothers and sisters are headed to Paris, hungry for medals. A billion of us will be watching them nervous and excited as our athletes set foot in the tracks and fields and courts and rings.'
Traders said stockists selling against sluggish demand at higher levels mainly led to fall in gold and silver prices.
Traders said besides reduced offtake by stockists and jewellers in view of off-marriage season, weak trend in global markets mainly led to the fall in gold and silver prices.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
Traders said brisk buying by stockists and jewellery fabricators to meet the rising festive and wedding demand mainly led an upsurge in gold and silver prices.
Traders said apart from fresh buying by jewellers and retailers, firm global trend amid signs of increased demand in China and India, the world's two largest consumers, influenced gold prices.
India's Sarvesh Kushare finished a creditable sixth as he cleared 2.28m -- his personal best in the men's high jump at the World Athletics Championships in Tokyo on Tuesday.
Traders said subdued demand from jewellers and retailers at prevailing levels and a weak global trend led to fall in gold and silver prices.
Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices.
Traders attributed the recovery in gold prices to fresh buying by jewellers to meet festive season demand and a firming global trend as investors weighed tension over Ukraine.
Traders said sustained buying by stockists and retailers amid a firm global trend where gold advanced as the drop to the lowest level in 34 months last week lured buyers mainly influenced the sentiment.
Traders said emergence of buying at prevailing lower levels by jewellers and retailers mainly supported the upside in prices of precious metals.
Stunning 1-2 finish for India after Shambhavi, Ojasvi's keen tussle
Marketmen said increased buying by jewellers and retailers to meet the festive season demand amidst a firming global trend mainly kept precious metals higher.
Traders said the fall in gold prices was mostly in line with a weak trend in the global markets as signs of easing tensions in Ukraine curbed demand for the precious metal as a haven.
Meghana Sajjanar clinched her first-ever World Cup medal, a bronze, in the women's 10m Air Rifle, as India finished fifth in the season-ending ISSF World Cup Rifle/Pistol in Ningbo, China.
Traders said stockists selling in line with a weak global trend as an improving US economy prompted the Federal Reserve to cut stimulus, which reduced demand for precious metals as alternative assets.
The tariff value on imported gold earlier stood at $398 per 10 grams, while on silver at $643 per kg.
While the women scripted history, delivering India's best-ever overseas showing, the men endured a humbling low, returning without a single medal for the first time in 12 years.
Silver also traded lower by Rs 400 at Rs 37,600 per kg.
Traders said apart from fall in demand from jewellers and retailers at prevailing levels, a weak global trend as the strengthening dollar eroded appeal for the precious metal, mainly influenced sentiments in New Delhi.
Silver also rebounded by Rs 530 to Rs 43,930 per kg on increased offtake by industrial units and coin makers. It had lost Rs 100 on Wednesday.
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