New Delhi, Oct. 14 -- The yellow metal's price in India dropped by nearly 0.25% in the domestic futures market during early trading hours on Wednesday, October 14.

MCX Gold 4 December futures stood at Rs.1,48,086 per 10 grams, while MCX Silver 4 December contracts were down by 0.70% at Rs.2,19,001 per kg at around 12 noon.

In the retail market, gold is sold in 24-karat and 22-karat purity. While 24-karat gold is considered the purest form, 22-karat gold is more commonly used for making jewellery because it's more durable in nature.

On Wednesday, 24-carat gold was priced at Rs.148,320/10 grams, and 22-carat gold was priced at Rs.135,960/10 grams. Silver prices today are at Rs.217,940/kg (Silver 999 Fine), according to Indian Bullion Ass...