India, Feb. 1 -- Gold and silver prices showed mixed trends across major Indian cities this week, after touching record highs and then witnessing a sharp dip.The sudden fall in prices has sparked speculation over the factors behind the decline in prices of the precious metals.

On Sunday, as India got its Union Budget 2026-27, in Delhi, 24-carat gold was priced at Rs.16,073 per gram, while 22-carat gold stood at Rs.14,735 per gram and 18-carat gold at Rs.12,059 per gram. Silver in the national capital was trading at Rs.350 per gram, or Rs.3,50,000 per kilogram, according to Good Returns.

Gold prices in Chennai were relatively higher. The rate for 24-carat gold stood at Rs.16,255 per gram, while 22-carat gold was priced at Rs.14,900 per g...