The rupee has been witnessing an unprecedented plunge in its value as it dropped to an all-time intra-day low of 68.75.
Gold retains gains, gain nearly 3 per cent in the past three sessions.
Sri Lanka crushed Afghanistan by 68 runs to win the gold medal in the men's Twenty20 cricket event at the Asian Games on Friday.
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.
The overall gold demand during the second quarter of 2013 stood at 1,148 tonnes, the World Gold Council Q2 Demand Trends report said.
This Vikram Samvat year 2070, ending on Thursday, has proved the worst in 17 years in terms of return on investment in gold.
Silver managed to recover some grounds.
The recently approved government scheme provides both liquidity and returns.
Prime Minister Narendra Modi launched a scheme to tap a pool of over 20,000 tonnes of gold held by households and temples.
However, silver snapped two-day rising trend and declined by Rs 215 to Rs 49,100 per kg on reduced offtake at prevailing higher levels.
Traders said revival of buying by retailers at existing lower levels led the marginal recovery in gold prices.
Globally, jewellery buying fell 14%, investment slid 11%.
Traders said sustained buying by stockists and retailers for the ongoing marriage season mainly led an upward trend in precious metals.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 30 each to Rs 28,445 and Rs 28,245 per 10 grams, respectively after gaining Rs 655 in last three days. Sovereigns, however, remained stable at Rs 24,400 per piece of eight grams in restricted buying activity.
Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.
Marketmen said emergence of low level buying by stockists and retailers for the wedding season amid a firm global trend mainly helped gold prices to rebound.
The precious metal spurted by Rs 200 from Friday's level at scale a new peak of Rs 15,900 per 10 gram.
Dealers with turnover of Rs 2 crore and above covered; industry says threshold too low
The best way to curb gold demand is by reducing black money in circulation.
Globally, gold declined from the highest level.
Sentiments remained bearish as gold and silver tumbled to the lowest since June in global markets as US manufacturing in August expanded at the fastest pace in three years, bolstering prospects for the economy and dampening demand for the metal, traders said.
Gold in Singapore, which normally sets price trend on the domestic front, dropped by 0.4 per cent to $1,283.28 an ounce after data showed that US employers added more jobs than expected which reduced demand for the metal as an alternate investment.
Gold in London, which normally set price trend on the domestic front, rose 0.5 per cent to $1,319.75 an ounce and silver by 0.9 per cent to $22.00 an ounce.
Silver also fell by 0.5 per cent to $15.68 an ounce.
Nineteen-year old Kalimuthu, who was seated in a front row of the viewers' gallery, suffered fatal stomach injury when the bull running in the playing arena suddenly strayed and attacked him.
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Gold, which had surged after government decided to increased import duty, lost Rs 125 to Rs 29,700 per 10 grams.
Traders said fresh buying by stockists and jewellers to meet the coming 'Navratras' and marriage season demand amid a strong global trend mainly led the recovery in gold prices.
Indian jewellery is widely prized for intricacy and craftsmanship.
Silver also shed Rs 3,700 to Rs 67,800 per kg on poor offtake by industrial units.
It is a sea of men clad in veshtis with distinctive party colour border design seeking votes with a smile and folded hands for their party candidates. The town is abuzz, with electioneering at its peak, and teeming trendy cars criss-cross the busy roads and bylanes bringing in more and more leaders from elsewhere for campaign.
Sentiments remained bearish as gold fell to 16-week low in the overseas markets as positive US economic data backed the case for the Federal Reserve to keep on reducing monetary stimulus which has dimmed the metal's appeal.
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Gold tumbles by Rs 1,250 to Rs 30,950.
Rising crude oil prices touching fresh record levels and plunging dollar boosted the gold prices on Thursday by Rs 220 to set a new peak at Rs 13,100 per 10 gram in the bullion market in New Delhi. Silver also traded at its ever highest level of Rs 25,000 per kg and its coins at Rs 27,000 per 100 pieces. Gold has climbed 19 per cent this year as the dollar fell and world equity markets headed for their worst start since 2001. The gold surge also influenced trading sentiments.
Gold today zoomed by Rs 1,025, its second biggest rise this year, to Rs 28,990 per 10 grams, on brisk buying by stockists and investors amid a firming global trend and shifting of funds to the precious metal from volatile equity and forex markets.
Total export of gold, silver and coins in the month of June 2014 stood at 3.9 billion Swiss franc
The festive season is back with a bang. Diwali is celebrated with a lot of fervour in India. This is the right time to buy gifts for your loved ones. However, buying a gift for women is a bit tricky.
Despite severe restrictions imposed on the number of bulls, bull-tamers and spectators thanks to the pandemic, Jallikattu organisers are hopeful of the show going on this Pongal.
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After gaining Rs 235 in last three sessions, gold further spurted by Rs 465 to Rs 31,450 per ten grams, a level last seen on December 12.
Silver is emerging as a stronger bet for the long-term.
Sukanya Verma recaps all those events from 25 years ago.
