Silver followed suit and traded Rs 90 higher at Rs 38,290 per kg on increased offtake by industrial units and coin makers.
Silver ready declined Rs 160 to Rs 37,240 per kg.
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Silver followed suit and lost Rs 645 at Rs 42,880 per kg on reduced offtake by industrial units and coin makers.
In the international market, gold dropped 0.3 per cent to $1,141.76 an ounce in Singapore today.
Gold extended its slump for the second day and shed another ₹ 350 to hit a six-month low of ₹ 29,000 per 10 grams in the bullion market.
Subdued demand from jewellers in the domestic market and shifting of funds towards the surging stock markets also weighed on gold prices.
To check rising current account deficit, the government raised import duties and the RBI imposed curbs on import of the metal and also laid down various pre-conditions for inward shipments of the precious metal.
Traders said stockists selling against sluggish demand at higher levels mainly led to fall in gold and silver prices.
Traders said stockists booking profits at prevailing higher levels following a rise of Rs 350 against sluggish demand mainly kept pressure on gold prices.
This may free up resources for productive or lending purposes.
Globally, gold gained 0.4 per cent to $1,098.62 an ounce and silver gained 0.9 per cent to $14.95 an ounce in Singapore.
Gold prices declined by Rs 50 to Rs 28,270 per ten grams in New Delhi on Monday on slackened demand from jewellers at prevailing levels amid a weak trend in global markets.
Silver also dropped by Rs 900 to Rs 42,500 per kg on poor offtake by industrial units and coin makers.
Silver coins also tumbled by Rs 1,000 to Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces.
Silver also plunged by Rs 1,430 per kg on poor offtake by industrial units and coin makers.
Traders said weak demand at prevailing higher levels and retailers looking for more correction mainly kept pressure on gold and silver prices.
Traders said increased buying of gold by stockists and jewellers to meet the rising festive and marriage season demand, amid firming global trend, influenced the sentiment.
Gold on Tuesday eased by Rs 25 to Rs 27,450 per ten grams on favourable cues.
Gold in New York, which normally sets price trend on the domestic front, traded marginally up 0.07 per cent to $1,291.80 an ounce.
Silver also eased by Rs 100 to Rs 39,400 per kg.
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.
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
Traders said sustained selling by stockists on the back of sluggish demand mainly kept pressure on both gold and silver prices for the second straight day.
Silver also turned weak and prices eased by Rs 100 to Rs 36,900.
Gold prices on Tuesday drifted by Rs 70 to Rs 27,050 per ten grams at the bullion market owing to slackened demand.
Silver also traded lower by Rs 400 at Rs 37,600 per kg.
Bullion traders attributed the rise in precious metal prices to emergence of buying by jewellers and retailers driven by ongoing 'Navratras', considered as an auspicious week for making new purchases according to Hindu mythology.
Traders said besides reduced offtake by stockists and jewellers in view of off-marriage season, weak trend in global markets mainly led to the fall in gold and silver prices.
Silver also fell by 0.5 per cent to $15.68 an ounce.
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.
The rupee was trading lower at Rs 61.38 after dipping to 61.74 (intra-day).
Silver, however, recovered by Rs 50 to Rs 36,800 per kg
The import tariff value is the base price at which the customs duty is determined.
Continued its slide for the sixth straight day, gold prices plunged by Rs 220 to trade at three-week low of Rs 28,280 per 10 grams in New Delhi on Thursday on increased selling by stockists amid a weakening global trend.
Silver eased by Rs 150 to Rs 37,100 per kg lacking necessary buying from industrial units.
Silver also drifted by Rs 450 to Rs 37,650 per kg.
Silver also rebounded by Rs 570 to Rs 38,100 per kg on increased offtake.
Gold prices declined by Rs 100 to Rs 28,200 per 10 grams at the bullion market on Friday
Traders said the precious metals remained in demand for the ongoing festivals and marriage season, while silver rose on industrial units and coin makers demand.
