The white metal had gained Rs 200 in the previous session.
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.
Traders said sustained selling by stockists against falling demand at prevailing higher levels mainly led to decline for the second day in the precious metals.
After three days of gains, gold prices on Tuesday fell by Rs 70 to Rs 30,500 per ten gram in the national capital on profit-selling by stockists at prevailing higher levels amid a weak global trend.
Paris Paralympics club throw gold medallist Dharambir Nain and double bronze winner sprinter Preethi Pal have been named as India's flag bearers for the opening ceremony on September 27.
Gold zoomed by Rs 425 to Rs 31,150 per ten grams in the national capital today on frantic buying by stockists and investors on strong global cues.
Traders said sentiment remained bullish as stockists increased their positions to meet the seasonal demand.
Gold prices fell by Rs 100 to Rs 28,300 per 10 grams at the bullion market on Tuesday.
Silver also fell for the third day.
Extending gains for the second day, gold prices moved up by another Rs 70 to Rs 28,300 per ten gram in the national capital on Friday on increased buying by jewellers and retailers, driven by festive season demand coupled with firming global trend.
Kajal wins India's second gold in women's competition at U-20 World Championships
Of the Rs 474.4 crore insurance cover, the largest component -- Rs 375 crore -- has been allocated towards personal accident cover for volunteers.
Adriyan aggregated 626.7 after 60 shots and missed out on gold by just 0.3 points to Sweden's Jesper Johansson.
Traders said sustained buying by stockists to meet the rising demand for the 'Navratras,' an auspicious week in Hindu mythology for making fresh purchases mainly pushed up the prices of the precious metals.
Silver also recovered Rs 600 to Rs 45,200 per kg on increased offtake by industrial units and coin makers.
Marketmen said apart from increased buying by jewellers and retailers to meet upcoming festive season demand, a firming global trend on speculation prices near an eight-month low will spur more buying as the US Federal Reserve begins a two-day policy meeting, also boosted the sentiment.
Traders said sustained selling by stockists on the back of sluggish demand mainly kept pressure on precious metals.
Srihari Nataraj led the charge for swimming powerhouse Karnataka with his fifth gold at the National Games.
In a broad daylight robbery, two unidentified men disguised as delivery boys looted a jewellery store in Ghaziabad's Link Road area, fleeing with approximately 20 kg of silver ornaments and 125 grams of gold ornaments.
Commonwealth Games medallist Jaismine Lamboria and two-time Asian Champion Pooja Rani secured gold medals at the Elite Women's National Boxing Championships
The yellow metal fell by Rs 115 to Rs 26,715 and silver lost Rs 400 to Rs 40,350 per kg.
Sentiment remained bearish as gold fell in global markets after better-than-expected US economic data backed the case for the Federal Reserve to slow stimulus, traders said.
Gold prices rose by Rs 70 to hit yet another record high of Rs 98,170 per 10 grams in the national capital on Thursday amid firm global demand, according to the All India Sarafa Association. On Wednesday, the precious metal of 99.9 per cent purity soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams.
'The primary market's rhythm mirrors investor confidence. While sentiment may appear cautious, it reflects maturity, not weakness.'
Traders said emergence of buying at prevailing lower levels by jewellers and retailers ahead of the festive and wedding season, a firm global trend mainly led the recovery in precious metals.
India's recurve archers once again flattered to deceive at the World Championships as the women's team lost to South Korea in the bronze medal play-off.
On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 25 each to Rs 27,300 and Rs 27,100 per 10 grams, respectively.
India's dream run in the men's compound events of the World Archery Championships ended on a disappointing note on Monday as the gold-winning team of Rishabh Yadav, Aman Saini and Prathamesh Fuge crashed out of the individual quarter-finals.
A former NCP leader from Pune, Rajendra Hagawane, and his son Sushil were arrested on Friday for their alleged involvement in a dowry harassment and abetment to suicide case involving Hagawane's daughter-in-law. The arrests came after the duo were expelled from the NCP by Deputy Chief Minister Ajit Pawar. The victim, Vaishnavi, had allegedly hanged herself on May 16 at her in-laws' house. Her parents alleged that the Hagawane family had harassed her for dowry despite receiving a substantial amount of gold, silver, and an SUV at the time of her marriage.
Dev Kumar Meena bettered the previous National record of 5.31m set by Subramani Siva while winning the gold in the 2022 Games in Gujarat.
Gold prices tumbled by Rs 1,550 to Rs 91,450 per 10 grams in the national capital on Monday amid heavy selling by jewellers and stockists as well as weak global trend, according to the All India Sarafa Association. On Friday, the precious metal of 99.9 per cent purity had finished at Rs 93,000 per 10 grams.
Elkatohchoongo was the best Indian cyclist at the 2022 Asian Games in Hangzhou, reaching to the quarter-finals.
India hosts the event from a position of unprecedented strength with a string of titles under its belt.
India's consumer price index (CPI)-based retail inflation rate is likely to have cooled further in June, thus remaining below the 4 per cent target of the Reserve Bank of India (RBI) for a fifth consecutive month, giving the central bank wiggle room to focus on growth. Economists reckon that the decline is on account of easing prices in various categories of goods, especially food items, and a favourable base effect.
India settle for silver in men's recurve team event at Archery World Cup Stage 1
While gold fell by Rs 100 to Rs 31,350 per 10 grams and silver by 455 to Rs 47,445 per kg on reduced offtake as recent upsurge advised stockists to book profits.
Narmada Nithin Raju claimed the gold medal in the women's 10m air rifle with a new national record score of 254.4.
If the two-time Olympic medallist Indian wins gold on September 18, the day of the finals, he will become the third men ever to win the world championships javelin title in two consecutive editions.
Gold future prices sustained upward trend for the fourth straight session by surging Rs 2,048 to hit a fresh record high of Rs 100,000 per 10 grams as investors rushed to safe havens after US President Donald Trump indicated plans to overhaul Federal Reserve amid continuing global trade war jitters. On the Multi Commodity Exchange (MCX), the August delivery contract of the yellow metal bounced by Rs 2,048 or 2.1 per cent to hit a fresh peak of Rs 100,000 per 10 grams in the mid-session trade.
Manisha Bhanwala clinched India's first gold medal at the Asian Championships since 2021 edition with a close 8-7 win over Korea's Ok J Kim.
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