Bullion traders said a weakening trend in global markets, as the dollar's strength eroded demand, mainly put pressure on the precious metal.
Gold in Singapore, which normally sets the price trend on the domestic front, fell by 1.4 per cent to $1,278.94 an ounce and silver by 2.8 per cent to $19.55 an ounce.
While gold surged by Rs 230 to Rs 28,480 per 10 grams, silver gained Rs 250 to Rs 44,600 per kg on increased offtake.
Both the precious metals, gold and silver, on Monday rebounded in the national capital on emergence of buying at existing lower levels amid a firm trend in the Asian region.
To help mobilise idle gold in households.
RBI has already advised banks to stop selling gold coins.
Gold on Wednesday hit a fresh all-time high by adding Rs 100 to Rs 30,400 per 10 grams on brisk buying by stockists triggered by a firming global trend.
The hallmarking of gold, which is voluntary in nature at present, is a purity certification of the precious metal.
These are golden lessons learned from our elders over the years, says Sumit Rajwade.
Tariff value is the base price on which the customs duty is determined to prevent under -- invoicing.
'For someone who wants to invest for the future or his family, diversification is necessary.' 'Diversify across asset classes -- equities, gold, real estate, fixed income, commodities, and even cryptocurrency.'
Tariff value is the base price on which the customs duty is determined to prevent under -invoicing.
Gold prices have dropped, but still they are above 70 per cent of the peak value.
The total sales volumes of gold for 2012 stood at Rs 2.47 lakh crore (Rs 2.47 trillion) and total quantity of gold sold in the country was 864 tonnes, Vipin Sharma, Director (Jewellery) WGC told reporters in Kochi.
Interview with Associate director (commodities & currencies), Angel Broking.
On the domestic front, gold of 99.9 and 99.5 per cent purity plunged further by Rs 375 each to Rs 28,350 and Rs 28,150 per 10 grams, respectively. Sovereigns continued to be asked around previous level of Rs 24,400 per piece of eight grams in scattered deals.
Cases of arsenic poisoning are on the rise in areas near gold mines in Karnataka.
In the July-September period of this year, the domestic demand improved mainly due to Diwali demand and the upcoming marriage season.
Researchers from the University of Southampton have discovered that by embossing tiny raised or indented patterns onto the metal's surface, they can change the way it absorbs and reflects light -- ensuring our eyes don't see it as 'golden' in colour at all.
The government on Friday slashed the import tariff value of gold to $535 per 10 gram and reduced the rate for silver marginally to $1,003 per kg due to weakening global prices of precious metals.
Traders said emergence of buying at existing lower levels to meet the ongoing marriage season demand mainly led to recovery in gold prices.
Earlier, the RBI had imposed similar restrictions on commercial banks and NBFCs.
Discounting the argument that gold is a hedge against inflation, the senior-most Deputy Governor wondered how a hedge instrument can offer as high as 37 per cent return year after year.
In a first for India, bullion derivatives contracts will be settled on a blockchain platform. This will help in global acceptance of gold refined by Indian bullion refineries, giving a fillip to the local industry, exports, as well as investments. From November 1, the National Stock Exchange (NSE) will accept gold delivery only on the blockchain platform.
SWF is a state-owned investment fund comprising of financial assets such as stocks, bonds, property, precious metals and other financial instruments that are invested globally.
The tariff value of silver has, however, been hiked marginally to $1062 a kg
On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 25 each to Rs 27,300 and Rs 27,100 per 10 grams, respectively.
The tariff value, which is released every fortnight, is the base price on which the customs duty is determined to prevent under-invoicing.
Silver followed suit and traded higher by Rs 200 at Rs 34,200/kg.
It can touch Rs 32,500 per 10 gram.
Rate in the global markets us normally sets price trend on the domestic front.
Buying had been muted in the past few weeks.
Pak promises visiting Indian delegation to ease tax, visa regime to enable direct access to local market.
As the stock markets scale new peaks almost every day in a pre-poll rally, a vast majority of Indian investors expect a further rise in equities in the current year, says a survey.
Gold prices have come down to Rs 27,790 per 10 grams in the national capital this month from the high of Rs 32,990 per 10 grams in April.
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.
Government measures and rising gold price decreased demand for the noble metal.
Those selling ornaments with lower purity might now offer hefty discounts in order to get rid of non-hallmarked stocks
The yellow metal has risen 6.6 per cent since mid-August
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.
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