Gold prices have witnessed extreme volatility this week — plunging by the steepest margin in 12 years before staging a modest recovery — as shifting global cues, a stronger US dollar, and post-festive demand cooling in the domestic market weighed on the precious metal. In India, gold prices dropped to around Rs122,320 per 10gm (grams), following weeks of strong buying during the festive season. Dealers attributed the fall largely to subdued physical demand after Dussehra and Navratri. Prices in major Indian cities on Thursday reflected marginal variation — Rs121,890 in Delhi, Rs122,100 in Mumbai, Rs122,200 in Bengaluru, Rs121,940 in Kolkata, and Rs122,450 in Chennai, according to data from the India Bullion Association (IBA). The sharp correction followed a period of relentless

See Full Page