Gold prices surged to hit over one-month high at the bullion market, taking positive cues from global market.
Gold prices gained further at the domestic bullion market here on sustained demand from jewellery stockists and retailers.
It was all glitter for the gold market in 2016, at least as far as price was concerned.
Gold regained some sheen by rising Rs 100 to 27,950 per 10 gram at the bullion market on a firm global trend.
Gold prices gave up Rs 100 to hit Rs 28,450 per 10 grams, hit by a subdued trend overseas and falling domestic demand.
Gold prices suffered more losses by falling another Rs 130 to trade at a fresh 10-month low of Rs 28,450 per 10 grams.
Gold prices drifted lower by Rs 200 to Rs 29,050 per 10 gm at the bullion market, tracking a weak trend overseas amid tepid demand.
Amendments to the I-T laws do not seek to tax inherited gold and jewellery as also those items that are purchased through disclosed or agriculture income.
Gold made some decent recovery by rising Rs 50 to 30,700 per 10 grams at the bullion market in the national capital.
Gold added to its sparkle as the price surged Rs 215 to Rs 30,715 per 10 grams following increased buying activity driven by the ongoing festive and wedding season.