In Mumbai, standard gold on Monday closed at Rs 30,310 per 10g, against Friday's close of Rs 29,820 per 10g
Bullish bets on these have increased on the MCX, where these are traded, with open interest rising fast.
Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar
Metal for delivery in far-month August eased by Rs 47, or 0.16%
Finance Minister Arun Jaitley's decision to cut arbitrage may ensure that the standards of purity of the refined gold in the Indian market meet the global benchmark
World's second biggest bullion market remained at a discount to the global benchmark as purchases across the region were curbed by higher prices
Dealers said they were seeing some investment demand for gold, though not robust purchases
Govt also could bring import and export of jewellery under one organisation
Gold prices have steadied after posting their biggest quarterly rise in nearly 30 years in the three months to the end of March on reduced expectations that the US Federal Reserve will push ahead with several rate rises this year
Speculators raised their bets, tracking a firming trend overseas
Gold prices have steadied after posting their biggest quarterly rise in nearly 30 years in the three months to March, driven by a reining in of expectations that the US Federal Reserve will push ahead with several rate hikes this year
The world's second biggest consumer imports in March slumped to 18 tonnes from 125 tonnes in the previous year.
Speculation that interest rates will stay low also helped gold and silver in their own right
Janet Yellen said US economy is on a solid course, still on track to warrant further interest rate hikes
Analysts attribute the outperformance to growth concern, hiatus in the dollar's rise and return of pent investment demand for gold
"Ten tolas," the denomination of gold bars that Osama bin Laden instructed Al Qaeda's general manager to acquire in 2010
Spot gold rose to a session-high of $1,227.60 an ounce before paring some gains to trade up 0.9%
Standard gold (99.5 purity) slumped by Rs 190 to end at Rs 28,155 per 10 grams
Given the sharp gains in the March quarter and looking at various indicators, buying on dips is a good strategy
4.9 million households have further been removed from Phase-III, bringing down total addressable population from 38.8 million households to 33.2 million, with max impact in West Bengal, Kerala, Goa and Jharkhand