Gold witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10 grams due to reduced offtake amid weak global trend.
Traders had accumulated stocks when the FM hinted of a duty hike.
When the Asian Games was delayed by a year owing to the COVID-19 situation in China, it wreaked havoc with the schedule of many athletes, but for Indian sailor Neha Thakur, it proved to be a blessing in disguise.
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.
Silver followed suit and lost Rs 350 at Rs 43,950 per kg on reduced offtake by industrial units and coin makers.
Gold in New York, which normally sets price trend on the domestic front, rose by 0.90 per cent to $1,326.90 an ounce and silver by 0.43 per cent to $20.96 an ounce on Monday night.
Festive demand for gold in India got off to a tepid start, with local prices still at a heavy discount to the global benchmark, a bad sign for a period when buying is typically strong.
'After household expenses, we are left with nothing...' 'Sometimes I think it is better to shut the store...'
Gold plunged by Rs 340 to Rs 30,660 per ten grams in the national capital on Friday on fall in demand amid a steep decline in the global markets.
Antim Panghal once again confirmed her emergence as one of the top wrestlers in the country by winning the World Championships trials in Patiala on Friday.
It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
Gold prices nose-dived across the country on Friday on panic selling by stockists, triggered by a fall in overseas markets amidst off marriage and festival season and recorded losses between Rs 100 and Rs 180 per ten gram.
Prannoy signs off with maiden World Championships bronze medal after losing semifinal to Vitidsarn
It was disappointing for Jinson Johnson not to win the 800m but the 1500m Asiad champion was far from surprised that compatriot Manjit Singh pipped him for the top prize in his pet 800m event.
The underperforming metal for 2017 expected to return 17-20%
Gold prices are already moving fast to the key level of Rs 30,000 per 10 gms
In the past 18 months, the department of revenue intelligence has seized 50 containers of cigarettes, valued at nearly Rs 200 crore
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Gold companies have started reducing production. This implies that gold prices will not go on a free fall anytime soon
At nine-month high, current prices attractive; consumers want to cash in before a correction
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.
A crash-like condition developed in the bullion market on Thursday as gold prices suffered the third consecutive major loss on panic selling by stockists induced by a steep fall in overseas markets.
The return of shooting, which was controversially dropped from the Birmingham CWG earlier this year, is a welcome development for India.
Traders said stockists booking profits at prevailing higher levels following a rise of Rs 350 against sluggish demand mainly kept pressure on gold prices.
'In investing, you have to first make sure you don't make big mistakes.' 'I would advise small investors to be systematic, don't be arbitrary; don't be on either end of the risk spectrum.' 'Don't go from fixed deposit to option trading or crypto trading.'
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
When asked how confident he was that he would be competing at Wimbledon next year, Murray said: "I don't know."
Gold price is declining due to the strengthening of dollar in the wake of the US Federal Reserve's move to control rate on inflation concerns.
Fresh from their Korea Open triumph, Satwiksairaj Rankireddy and Chirag Shetty will look to continue their dream run.
Focus on nutrition, tailor-made training for specific opponents key to Prannoy's success.
Two-time World Championship bronze-medallist, India's P V Sindhu made a rousing start to the new season as she clinched the Malaysia Masters Grand Prix Gold title after defeating Scotland's Kristy Gilmour in straight games in the final, in Penang, on Sunday.
Subedar Fateh Singh, a 51-year-old Army man who lost his life during combing operations at the Indian Air Force base near Punjab's Pathankot town on Saturday, had won a gold and a silver medal at the first Commonwealth Shooting Championships held in Delhi in 1995.
The temples are concerned about the religious sentiments of the devotees who donate gold ornaments in the name of the deities
Top squash player Saurav Ghosal is eagerly awaiting his home state government's recognition after bagging a historic gold and silver for India at the Incheon Asian Games.
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.
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
Gold prices recovered by Rs 210.
Silver also rebounded by Rs 570 to Rs 38,100 per kg on increased offtake.
The Birmingham showpiece will be held from July 28 to August 8.
A gold medal in the prestigious World Cup Final eluded Deepika Kumari once again as she settled for her third successive silver after being pipped by Korean Olympic champion Ok-Hee Yun, in Paris on Sunday.
The Indian won 21-7 21-7 in the summit clash that lasted just 38 minutes.
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