India, Oct. 20 -- The bullion market is witnessing a reversal of its traditional pattern this festive season. Usually prices hit an all-time high around Navratri and then dip 4-5% by Dhanteras-Diwali, but jewellers say this pattern is unlikely this year.

At the beginning of the year, gold rates were recorded at Rs.1,37,120 per 10 gm and silver at Rs.2,38,000 per kg on January 1. After a sharp rally in March when gold touched Rs.1,67,275 per 10 gm and silver Rs.2,95,000 per kg, rates fell from May but have been highly volatile since July.

On October 12, gold was priced at Rs.1,51,037 per 10 gm and silver at Rs.2,23,300 per kg. On October 13, gold rose to Rs.1,52,500 and silver to Rs.2,29,500. On Friday, gold was recorded at Rs.1,51,200 a...