Weak global trend, where gold declined nearly to its lowest level in three months, further dampened the sentiment, they added.
Silver prices also jumped by Rs 500 to Rs 45,000 per kg on increased offtake by jewellery fabricators and industrial units.
Gold plunged by Rs 120 to Rs 30,810 per ten gram, while silver lost Rs 280 to Rs 49,670 per kg on falling demand among industrial units and coin makers.
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Traders said buying activity continued for the third straight day for the ongoing 'Navratras,' an auspicous week in Hindu mythology for making new purchases and marriage season.
Silver also eased by Rs 200 to Rs 37,200 per kg.
Traders said sentiment remained weak after gold dropped to a seven-month low and silver slumped to the lowest since June 2013 in global markets as speculation that US borrowing costs will rise sooner-than-expected strengthened the dollar, eroding demand for precious metals as alternative investment.
Silver also rose 0.8 per cent to $16.63 an ounce.
While gold surged by Rs 275 to Rs 27,300 per 10 grams, silver gained Rs 295 to Rs 40,730 per kg on increased offtake by jewellers and industrial units.
While gold gained Rs 320 to Rs 30,545 per ten gram after losing Rs 585 in last four sessions, silver recovered by Rs 390 to Rs 49,330 per kg, snapping Rs 2,260 losses of four days.
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Gold in Singapore, which normally set price trend on the domestic front, fell by 0.28 per cent to Rs 1361.80 and silver by 1.90 per cent to 22.75 dollar an ounce.
Gold price softens as demand dips.
After Wednesday's rise, gold prices drifted by Rs 190 to close at Rs 27,610 per ten gram in New Delhi on easing demand from jewellers and retailers amidst a weak global trend.
Mumbai witnessed an event dipped in heritage and glamour as Nita Ambani unveiled the Swadesh flagship store, a space built to honour India's finest master artisans and their craft legacies.
Nupur Sheoran (80+kg) and the seasoned Pooja Rani (80kg) signed off with silver and bronze medals respectively in non-Olympic weight categories.
Gulveer Singh shattered a decade-old meet record, high-jumper Pooja Singh delivered a personal best show, while heptathlete Nandini Agasara rose to the occasion after a setback as the trio added three more gold medals to India's kitty on the penultimate day of the 26th Asian Athletics Championships.
Gold prices recovered by Rs 50 to Rs 26,800 per 10 grams at the bullion market on Friday.
Paris Paralympic gold medallist Praveen Kumar had to settle for bronze in the men's T64 high jump at the Asian Para Games after clearing a season's best 2.00 metres.
'AUM reached an all-time high of Rs 79.9 trillion in October 2025, driven by strong retail participation and record SIP inflows of Rs 29,529 crore from over 94.5 million contributing accounts.'
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In line with overall trends, silver ready traded lower by Rs 350 to Rs 36,950 per kg and weekly-based delivery by Rs 480 to Rs 36,945 per kg.
Silver has a dual role - 60 per cent of the total silver produced is used for industrial purposes in the electrical & electronics segment and photovoltaic demand mostly for solar panels.
Traders said the sentiment remained bearish as gold slumped to a five-week low in overseas markets on speculation that the US Federal Reserve will taper asset purchases.
Eight Indian shooters, including double Olympic medalist Manu Bhaker, have secured their places in the season-ending ISSF World Cup Final scheduled to be held in Doha, Qatar, from December 4 to 9.
The white metal had gained Rs 200 in the previous session.
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.
India had a successful outing at the Archery World Cup Stage 2, bagging two gold medals, a silver and bronze, in Shanghai, on Saturday. The gold medals were won by Madhura Dhamangaonkar and the compound men's team, while the women's compound team won silver and the mixed team bronze.
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.
Gulveer Singh clocked 28 minute 38.63 seconds to win the gold to claim the gold medal in the men's 10,000m race at the Asian Athletics Championships.
Manika Vishwakarma walked into Miss Universe not just as a contestant, but as a statement of modern India -- confident, cultured and completely in her element.
Bulgaria's Ruzhdi claimed his sixth successive gold medal in the men's shot put F55 competition with a world record throw in the World Para Athletics Championships in New Delhi on Sunday.
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.
Tokyo Olympics silver medallist and women's badminton great Tai Tzu-ying of Chinese Taipei announced her retirement from the sport, bringing curtains down on a glittering career during which she won 17 BWF World Tour titles and finished runner-up in 12 tournaments.
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.
Preeti shocks world champion Huang; Arundhati, Parveen shine on international return
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.
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