Gold in Singapore, which normally sets price trend on the domestic front, dropped by 0.4 per cent to $1,283.28 an ounce after data showed that US employers added more jobs than expected which reduced demand for the metal as an alternate investment.
Silver followed suit and recovered Rs 400 to Rs 34,100 per kg.
While BlackRock is an existing investor in Byju's, T Rowe joined as a new investor.
Traders said heavy selling by stockists against fall in demand at prevailing higher levels mainly kept pressure on gold prices.
Traders said sustained buying by stockists and retailers for the ongoing marriage season mainly led an upward trend in precious metals.
Silver also extended its rally for the eighth day.
On the occasion of Chinese president Xi Jinping's two-day visit, Indian exporters are looking for a big boost in export of agricultural commodities, especially the ones that have been impacted by the ongoing trade war between the United States and China.
US technology major Apple on Friday started selling Apple Watch in India at a starting price of Rs 30,990 to Rs 9.9 lakh per unit.
Traders said the sentiment remained bearish on stockists selling and weakening global trend as Federal Reserve signalled a rise in interest rates while further reducing monetary stimulus, boosting the dollar and curbing demand for the metal.
India celebrated Dhanteras, the biggest gold buying festival, followed by Diwali, when scarcity of the yellow metal and high prices pushed consumers to buy silver and diamond jewellery.
Gold in Singapore, which normally sets price trend on the domestic front, fell from three-month high by declining 0.6 per cent to $1,312.48 an ounce.
According to jewellers and MMTC-PAMP India, gold demand has picked up in the wake of good monsoon and favourable price levels. There was positive response and more footfalls.
Gold prices recovered by Rs 40 to Rs 26,800 per ten gram at the bullion market in in New Delhi on Tuesday on scattered buying by jewellers and retailers to meet ongoing wedding season demand and a firming global trend.
India were assured of an unprecedented two medals at the AIBA Men's World Boxing Championships after Amit Panghal (52kg) and Manish Kaushik (63kg) entered the semi-finals with impressive victories.
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.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 30 each to Rs 28,445 and Rs 28,245 per 10 grams, respectively after gaining Rs 655 in last three days. Sovereigns, however, remained stable at Rs 24,400 per piece of eight grams in restricted buying activity.
Gold in London, which normally set price trend on the domestic front, rose 0.5 per cent to $1,319.75 an ounce and silver by 0.9 per cent to $22.00 an ounce.
Silver also rose sharply by Rs 640 to Rs 35,700 per kg.
After demonetisation, demand jumped as many people with unaccounted money bought the yellow metal.
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 also met with resistance after four days of gains, and lost Rs 750 at Rs 44,250 per kg.
Traders said stockists selling against fall in demand at prevailing higher levels mainly pulled down gold prices.
Globally, gold added 0.4 per cent to $1,228.65 an ounce in Singapore.
Traders said fresh selling by stockists against slackened demand at current higher levels mainly led to fall in gold prices.
Silver also rebounded by Rs 360 to Rs 41,770 per kg on increased offtake by industrial units and coin makers.
Bullion merchants said reduced offtake by jewellers and retailers at existing higher levels and a weak global trend amid speculation that Federal Reserve may decide on cutting back asset purchases this week is likely to bring down the demand for the precious metals as a safe haven.
Traders said fresh buying by stockists and jewellers to meet the coming 'Navratras' and marriage season demand amid a strong global trend mainly led the recovery in gold prices.
The government on Wednesday raised the import tariff value of gold at $430 per ten grams and that of silver to $639 per kg as prices of the precious metals have risen in the global market.
Traders said buying activity in gold picked as stockists enlarged their positions for the rising wedding season demand.
Gold prices surged by Rs 650 to Rs 31,200 per ten gram on heavy purchases by stockists and retailers for the marriage season and approaching 'Diwali' festival.
Akshay Tritiya could be a good reason to invest. Purchase jewellery only for immediate consumption.
Marketmen said revival of buying by stockists and local parties at existing lower levels amid a firm global trend where gold climbed to four-month high ahead of US payrolls data mainly influenced the sentiment.
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