Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.9 per cent to $1,327.94 an ounce and silver by 1.6 per cent to $20.61 an ounce.
Gold and silver extended gains in New Delhi on Monday on sustained buying by stockists, driven by firm global trends.
Silver has been quoting at a premium in India since mid-March because of huge scarcity.
Precious metals closed at new historic highs at the Bullion market in Mumbai on Monday as silver zoomed by a whopping Rs 570 to end at Rs 19,890 and gold firmed up by Rs 30 to close at Rs 8,855.
Silver also jumped Rs 950 to Rs 44,750 per kg on increased offtake by jewellers and industrial units.
From idolising Neeraj to upstaging him at Worlds, Sachin Yadav gains global recognition
Neeraj, who will look to defend his javelin throw title in Tokyo, and Arshad were expected to mark their first face-off this year at the Silesia Diamond League in Poland in August.
.jpg)
The interest on foreign currency non-resident accounts has been liberalised to attract more deposits.
A weak global trend on speculation that signs of a strengthening US economy might reduce demand for the precious metals as safe haven also influenced the sentiment, traders said.
Rashmika adds gold to India's tally in the junior competition.
American Brittany Brown surprised herself with the sprint double at New York's Athlos meet on Friday, as Briton Keely Hodgkinson won the 800 metres to end her injury-dented season on a high.
Two-time Olympic medallist Chopra won gold at the Potch Invitational Track event in Potchefstroom, South Africa, on Wednesday.
The government on Friday slashed the import tariff value of gold to $535 per 10 gram and reduced the rate for silver marginally to $1,003 per kg due to weakening global prices of precious metals.
The tariff value, which is released every fortnight, is the base price on which the customs duty is determined to prevent under-invoicing.
Bhagyashree Jadhav: From Life on a Ventilator to Chasing Gold on Home Soil
Selling pressure gathered momentum after gold in London fell for a fifth session as the dollar strengthened, curbing demand for the metal as an alternative investment. Marketmen said the metal lost its demand among retail customers and moved along with the global trend.
New Delhi has been chosen as the host city of the next Badminton World Championships in August 2026, the sport's global governing body BWF announced on Monday.
Showing superb control, Lim chose to slow the tempo in the second set but still outscored Gatha, who slipped to two 8s and a 9.
Silver ready declined Rs 160 to Rs 37,240 per kg.
Gold prices maintained an upward march for the third consecutive day by rising Rs 290 to Rs 30,490 per ten grams in the national capital on sustained buying by stockists amid a firm global trend.
While gold plunged by Rs 505 to Rs 30,380 per ten grams, silver fell by Rs 280 to Rs 49,300 per kg.
Weak stock markets, lingering worries over US recession and their aftermaths over other emerging markets, weak dollar and concerns over credit markets compelled stockists and even retail investors to invest in these anti-inflatary metals to play safe in the current uncertain conditions, traders said.
Out of the 10 gold on offer on the opening day of athletics competitions, Maharashtra and Services picked up two each, while Odisha, Himachal Pradesh, Delhi, Uttar Pradesh, Haryana and Tamil Nadu claimed one each.
India has fielded a 12-member squad, the 2017 world champion and 2022 silver medallist Chanu remains the country's lone realistic medal contender.
Neeraj Chopra made it look effortless as he sealed his spot at the World Athletics Championships with a stunning first throw in Tokyo on Wednesday.
'There's no pressure of the Olympics but at the same time, I am not being complacent about it.'
Duplantis first broke the world record in February 2020, when he cleared 6.17 metres to eclipse France's Renaud Lavillenie. Since then, he's been inching it higher.
Gold in New York, which normally sets price trend on the domestic front, fell 1.2 per cent to USD 1,207.70 an ounce silver by 2.9 per cent to USD 16.56 an ounce in yesterday's trade.
Stunning 1-2 finish for India after Shambhavi, Ojasvi's keen tussle
The men's team, who qualified as the fourth seed, put up a near flawless show to defeat their Dutch opponents.
'At the previous edition in Kobe, India won 17 medals. With a stronger team this time, I am confident we will surpass 20 medals and create history on home soil.'
Traders said sustained selling by stockists on the back of sluggish demand mainly kept pressure on both gold and silver prices for the second straight day.
.jpg)
Traders said heavy selling by stockists, triggered by a weak global trend, led to the fall in prices of gold and silver.
Gold in Singapore, which normally determines price trend on the domestic front, lost 0.90 per cent to $1,132.16 an ounce, the lowest since April 2010 and silver dropped by 2.3 per cent to $15.06 an ounce, the lowest since February 2010.
Industry representatives say the government may be tempted to raise the duty on gold and silver by Rs 100 per 10 gram and Rs 500 per kg, respectively, to earn extra revenue at a time the economy is facing several challenges.
It's been an emotional night for many film folk across India, as they were honoured at the National Awards.
Tokyo Olympic bronze medalist Lovlina Borgohain clinched the women's 75kg gold at the National Games in Dehradun.
Traders said profit selling by stockists emerged after a rally in the previous session mainly pulled down gold and silver prices.
Silver also rebounded by Rs 570 to Rs 38,100 per kg on increased offtake.
Namrata Thakker looks at the ladies, who have been slaying with six yards of elegance.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances