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.
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.
Traders said reduced offtake by stockists at prevailing higher levels and sluggish demand mainly kept pressure on both gold and silver prices.
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.
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.
'Many of the players I played alongside like Harmanpreet Singh, Mandeep Singh, Krishan Pathak are doing very well today. Somewhere, there is regret that I could not do that.'
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.
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.
India's ace weightlifter Mirabai Chanu stated that she has been competing in the 48-49kg category and will need to move to the 53kg category for the 2028 Olympics due to a change in weight classes. She expressed confidence in her ability to participate in the 2028 event.
India's compound archers enjoyed a stellar outing at the Asian Championships, winning two gold medals and one silver on a productive day in Dhaka on Thursday.
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 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.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
Traders said emergence of buying at prevailing lower levels by jewellers and retailers mainly supported the upside in prices of precious metals.
Weightlifter Priteesmita Bhoi broke the world youth record in clean & jerk on way to clinching gold in the girls' 44kg category at the Youth Asian Games in Manama, Bahrain, on Sunday.
Marketmen said increased buying by jewellers and retailers to meet the festive season demand amidst a firming global trend mainly kept precious metals higher.
Nishad Kumar and Simran Sharma won their maiden World Para Athletics Championships gold in high jump and 100m race respectively, as India clinched four medals to jump to fourth spot on the most productive day, in New Delhi, on Friday.
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.
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.
The tariff value on imported gold earlier stood at $398 per 10 grams, while on silver at $643 per kg.
Silver also traded lower by Rs 400 at Rs 37,600 per kg.
'In general, I needed a short break from sports because I had worked extremely hard for the Paralympics. I was happy with my performance, but not winning a medal left me a little disappointed. I channelled my energy into other things... overall, the past year has been wonderful in its own way.'
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.
Virdhawal Khade won the 100m freestyle final on Thursday, breaking his own Games record that was created in the heats., but had to settle for silver in the 100m butterfly.
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.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
India's Anish Bhanwala endured two nerve-wracking shoot-offs in a high-quality 25m rapid-fire pistol final to clinch the biggest medal in his shooting career, a silver at the ISSF World Championships (Pistol/Rifle), in Cairo on Sunday.
Silver also traded higher by Rs 250 to Rs 41,000 per kg on increased offtake by industrial units.
Gold prices slumped for the second straight session by Rs 1,150 to Rs 78,350 per 10 grams in the national capital on Monday on frantic selling by stockists and retailers, the All India Sarafa Association said. The precious metal of 99.9 per cent purity closed at Rs 79,500 per 10 grams on Friday.
Gold prices declined by Rs 100 to Rs 28,200 per 10 grams at the bullion market on Friday
Gold lost its sheen with prices falling by Rs 120 to Rs 28,300.
Sentiments remained firm in precious metals on sustained buying by jewellers and retailers to meet ongoing festive season demand.
Gold prices drifted by Rs 100 to Rs 28,400 per ten grams at the bullion market today as demand from jewellers and retailers eased at existing levels amidst a weak global trend.
Gone are the days when festive fashion meant only picking between a sari or a lehenga; this season, it's time to make a statement with fusion!
While gold fell by Rs 400 to Rs 28,000 per 10 grams, silver plunged by Rs 1,500 to Rs 43,100 per kg on poor offtake.
Traders said weak demand at prevailing higher levels and retailers looking for more correction mainly kept pressure on gold and silver prices.
Gold tumbled by Rs 310 to Rs 30,290 per ten grams in the national capital today on heavy sell-off by stockists and a weak global trend.
Gold in Singapore, which normally sets the price trend on the domestic front, fell by 1.4 per cent to $1,278.94 an ounce and silver by 2.8 per cent to $19.55 an ounce.
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