the strikers in the republic's gold mining industry have agreed to return to work after accepting the latest wage offer from employers, though those from Harmony Gold remained on strike.
Gold futures in number one gold consumer India extended losses earlier on Friday to hit their lowest in nearly two weeks weighed by earlier weakness in spot gold, while physical traders awaited resumption of imports.
India's central bank, in a bid to help the government stem the tide of gold imports which had pushed the current account deficit to a record high, told importers on July 22 that a fifth of their purchases would have to be turned around for export.
"The (physical) market is very quiet, we are expecting that a couple of consignments will get cleared next week," said Haresh Soni, chairman, All India Gems and Jewellery Trade Federation.
Spot silver was up 2.8 percent at $23.80 an ounce, tracking gold. Spot platinum was up 0.8 percent at $1,490.99 an ounce, while spot palladium was up 1 percent at $690.72 an ounce. (Editing by William Hardy and Keiron Henderson)