Gold price surged to all-time high of Rs 21,000 per ten grams; while silver rate sets a new record of Rs 44,000 per kg in the Delhi bullion market on Wednesday on hectic buying from stockists triggered by sharp rise in the global market.
Silver coins, however, held unchanged at Rs 70,000.
Silver also eased by Rs 150 to Rs 41,700 per kg.
Meanwhile, silver coins continued to be traded at previous level of Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.
Many investment options once seen as safe havens are presently out of sync
After falling for three straight days, gold prices recovered by Rs 50 to Rs 26,700 per ten grams at the bullion market on Friday.
Gold prices on Thursday fell by Rs 180 to trade at Rs 26,870 per 10 grams at the bullion market.
Gold is currently ruling at Rs 30,050 per 10 grams.
In Q1 2010, India was the strongest performing market as total consumer demand surged by 698 per cent to 193.5 tonnes.
Gold prices plunged and closed below the psychologically-significant Rs 29,000 per 10 grams mark at the local bullion market on Monday on consistent selling by stockists and speculators despite firm global sentiment.
Gold prices rose by Rs 100 to Rs 26,550 per 10 grams at the bullion market on Tuesday.
Silver surged by Rs 1,575 per kg on higher speculative and industrial offtake.
Gold prices firmed up further and reclaimed the key psychological Rs 30,000 per 10 grams mark at the domestic bullion market on continued retail buying support amid buoyant overseas sentiment.
Diamonds offer higher returns in terms of investment compared to gold contrary to general perception, GIA said.
Silver coins continued to be traded at last level of Rs 48,000.
Gold, silver rise on positive global cues.
Gold prices plunged on the bullion market in New Delhi on Wednesday on aggressive offloading by the stockists and traders, sparked by a sharp fall in overseas markets. Silver, too, met with frantic selling pressure due to the prevailing overall trend. Standard gold (99.5 purity) tanked by Rs 305 per ten grams to close at Rs 17,305 from overnight's closing level of Rs 17,610. Pure gold (99.9 purity) dropped by a similar margin to end at Rs 17,395 from Rs 17,700 on Tuesday.
Silver halted its four-day rising trend and declined by Rs 65 to Rs 41,000 per kg.
Globally, gold fell nearly 3 per cent
Continuing the record-setting spree, gold prices on Thursday climbed to Rs 18,399 per ten gram for April delivery amid weak US dollar.
Globally, gold added 0.4 per cent to $1,228.65 an ounce in Singapore.
Silver also surged by Rs 1,050 to Rs 35,500 per kg on increased offtake by industrial units and coin makers.
Silver eased by Rs 150 to Rs 37,100 per kg lacking necessary buying from industrial units.
Silver prices also spurted by Rs 1,100 to Rs 29,900 per kg.
Silver ready declined Rs 160 to Rs 37,240 per kg.
Silver also rebounded by Rs 140 to Rs 37,050 per kg.
Analysts say investors should increase their exposure to gold up to 10% of their portfolio, depending on their comfort with a 2-year horizon. But avoid investing in physical gold or deposit schemes run by jewellers
For an investor, gold is a necessity in the portfolio.
The precious metals had lost Rs 210 in the previous session.
Continued outflows amid moderation of domestic investments are a concern
Gold prices recovered by Rs 25 to Rs 28,475 per 10 grams in the national capital on Monday on fresh buying by jewellers and retailers amid a firm global trend.
Gold prices remained steady for the second straight day at Rs 27,250 per 10 grams at the bullion market on Tuesday.
With only days left for Diwali, gold prices scaled a new high of Rs 16,250 per 10 gram on hectic buying by stockists to meet the enhanced festival demand from retailers and fabricators.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
Soaring gold prices, coupled with a craze for being trendy has prompted young women to go in for environment-friendly, cheap paper jewellery.
Gold prices fell by Rs 30 to Rs 27,160 per 10 grams at the bullion market on Saturday.
Gold prices plunged by Rs 200 to trade at Rs 27,000 per 10 grams at the bullion market on Thursday.
Globally, gold in London was trading 0.58 per cent lower at $1,148.20 an ounce and silver shed 0.24 per cent to $14.75 an ounce.
Gold prices surged by Rs 150 to trade at Rs 17,140 per ten gram in New Delhi on heavy buying due to a steep rise in the metal's prices in the overseas market as the dollar weakened.
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