Gold, which has been on a record setting spree for the past three weeks, rose by Rs 50 to Rs 32,500 per 10 grams.
We will not know if the breakout is just a reactive pullback or the real thing for another two weeks or so, says Sonali Ranade
The yellow metal has risen 6.6 per cent since mid-August
For the year as a whole the price is expected to average $1,270, which compares with the year-to-date average of $1,289.
Selling gathered momentum as gold dropped in global markets before a report that may show US employers added more jobs last month, reducing the appeal of bullion as a haven, traders said.
Pure gold of 99.9 per cent purity gained by Rs 120 per 10 gm to close at Rs 30,470 from Rs 30,350.
On the other hand, silver rose on good speculative as well as industrial demand.
The metal has gained Rs 860 in last six trading sessions.
Gold prices dropped at the bullion market on Thursday on selling by stockists and traders following mute demand due to prevailing high prices and lower global cues.
Gold on Thursday slipped from record highs by losing Rs 200 to Rs 30,200 per 10 grams in the national capital due to meagre demand for the precious metal at prevailing high levels.
Spot gold dropped at $ 1,081.85 an ounce in early European trade and silver dipped $ 14.64 an ounce.
In London, gold prices eased today, as the euro ran into profit-taking and stock markets dipped.
It's good for diversifying portfolio and saving for long-term goals
Gold prices on Thursday rose to all-time high of Rs 29,695 per 10 grams in the billion market here as investors shifted funds from melting equity markets to the precious metal, considered as a safe-haven investment.
Gold bullion purchases across Asia slowed this week as a long rally in prices discouraged buyers.
Gold prices could go up 12.5 per cent and touch $1,800 per ounce in the second half of 2012, according to the Thomson Reuters GFMS Gold Survey, released in Beijing on Tuesday. Improved investment sentiment for gold will help drive prices up, said the survey. Presently, gold is trading at $1,600.
British Geological Survey accessed in September 2011 produced a list of countries by production of gold.
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Returns on godl have depleted in past few years,
Gold prices on Friday tumbled by Rs 360 to Rs Rs 30,060 per 10 grams in the bullion market on Friday, while silver shed Rs 550 on sluggish demand amid weak global cues.
The yellow metal had gained Rs 920 in previous four trading sessions.
WGC expects demand to revive in H2 on surplus monsoon rains
Investing (or not investing) in gold may be a function of whether you're betting on or against the global economy.
Gold prices dipped below the 29K mark to a three-week low of Rs 28,840 per 10 gm, down by Rs 475, in the national capital today on continued selling by stockists sparked by a weakening global trend amid drying up demand.
Gold prices retreated sharply from its overnight new record high at the domestic bullion market on the back of heavy unwinding by stockists and traders, triggered by sharp fall in international markets.
Gold prices are again moving up after a downward slide. But will this upward movement sustain? More importantly, should you buy more of the yellow metal now? Here's the answer.
The government on Tuesday hiked the import tariff value on gold to $388 per 10 grams and that on silver to $487 per kg taking cues from global market.
Gold prices ruled steady at Rs 27,250 per 10 grams in restricted activity at the bullion market on Monday.
The country's forex reserves rose by $419.4 million to $315.551 billion in the week to November 14, driven by a rise in foreign currency assets.
While gold fell after three days of gains on sluggish demand at prevailing higher levels, silver remained flat on lack of buying by industrial units and coin makers, traders said.
It was a year of stocks shining bright when it comes to adding to the investors' wealth, and the glitter of gold and silver fading for the second straight year in 2013.
Price up on weak dollar and strong demand
There aren't many options to own platinum, pricing varies across retailers and resale policy isn't flexible
Many are selling stocks and corporate bonds and putting their money into gold.
During 2013 and 2014, we will see both 65 and 50 to the dollar.
Earlier expectations of gold imports touching 1,000 tonnes in 2011 have been belied, with a steep fall in imports in recent months.
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
Muthoot offers 13-13.4 per cent annual interest on the NCDs, close to one per cent higher than previous public offer.
Gold price is likely to remain sideways this week due to uncertainty in global economy. The metal, of late, has started losing its status as safe haven investment avenue at the time of global economic crisis.
Gold on Friday fell from the all-time high level it hit in the previous session, by losing Rs 230 to Rs 29,310 per 10 grams on heavy sell-off by stockists, driven by a sharp fall in global markets.
When overall gems and jewellery exports remained resilient so far this year on global economic uncertainty, shipment of silver jewellery witnessed a phenomenal growth so far this year.
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