Gold prices retreated from record levels and dropped by Rs 2,400 to Rs 1,32,400 per 10 grams in the national capital on Saturday, even as buyers flocked to jewellery stores across the country on Dhanteras, marking the start of the Diwali festival.

According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had surged by Rs 3,200 to touch an all-time high of Rs 1,34,800 per 10 grams on Friday.

In the local bullion market, gold of 99.5 per cent purity also saw a sharp pullback, depreciating by Rs 2,400 to Rs 1,31,800 per 10 grams (inclusive of all taxes). It had touched a lifetime high of Rs 1,34,200 per 10 grams in the previous session.

Prices of gold of 24 karat have risen Rs 51,000 per 10 grams, or 62.65 per cent, compared to Rs 81,400 per 10 grams recorde

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