New Delhi, 01 November (H.S.): The domestic bullion market witnessed a sharp downturn on Sunday, with gold prices declining by Rs. 3,090 to Rs. 3,370 per 10 grams. Silver also recorded a steep fall of Rs. 9,900 per kilogram, extending its recent losses. Over the past three days alone, silver prices have dropped by nearly Rs. 20,000 per kilogram.

Following the decline, 24-carat gold was trading at levels ranging from Rs. 1,38,880 to Rs. 1,39,030 per 10 grams across various bullion markets in the country. Similarly, 22-carat gold was retailing between Rs. 1,27,300 and Rs. 1,27,450 per 10 grams. Silver prices also weakened, with the white metal trading at Rs. 2,00,000 per kilogram in the Delhi bullion market.

On a weekly basis, both gold and silver registered significant losses amid weakness in international markets. During the previous week's trading, 24-carat gold declined by as much as Rs. 3,700 per 10 grams, while 22-carat gold became cheaper by up to Rs. 3,400 per 10 grams. Silver also remained under pressure throughout the week amid weak global cues, shedding Rs. 20,900 per kilogram on a weekly basis.

In Delhi, 24-carat gold was trading at Rs. 1,39,030 per 10 grams, while the price of 22-carat gold stood at Rs. 1,27,450 per 10 grams. In Mumbai, the country's financial capital, 24-carat gold was priced at Rs. 1,38,880 per 10 grams and 22-carat gold at Rs. 1,27,300 per 10 grams. In Ahmedabad, the retail price of 24-carat gold stood at Rs. 1,38,930 per 10 grams, while 22-carat gold was available at Rs. 1,27,350 per 10 grams.

Among other major cities, 24-carat gold was priced at Rs. 1,38,880 per 10 grams in Chennai, while 22-carat gold was trading at Rs. 1,27,300 per 10 grams. Kolkata recorded similar prices, with 24-carat gold at Rs. 1,38,880 per 10 grams and 22-carat gold at Rs. 1,27,300 per 10 grams. In Bhopal, 24-carat gold was priced at Rs. 1,38,930 per 10 grams, while 22-carat gold stood at Rs. 1,27,350 per 10 grams.

In Jaipur, 24-carat gold was trading at Rs. 1,39,030 per 10 grams and 22-carat gold at Rs. 1,27,450 per 10 grams. In Patna, the price of 24-carat gold stood at Rs. 1,38,930 per 10 grams, while 22-carat gold was priced at Rs. 1,27,350 per 10 grams. The bullion market in Lucknow also recorded prices of Rs. 1,39,030 per 10 grams for 24-carat gold and Rs. 1,27,450 per 10 grams for 22-carat gold.

Bullion markets in Karnataka, Telangana and Odisha also witnessed weakness in gold prices, in line with the trend across other states. In the capitals of these three states—Bengaluru, Hyderabad and Bhubaneswar—24-carat gold was trading at Rs. 1,38,880 per 10 grams, while 22-carat gold was priced at Rs. 1,27,300 per 10 grams.

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Hindusthan Samachar / Jun Sarkar