Bhubaneswar, March 21 -- Gold and silver prices witnessed a sharp decline in the domestic market, offering temporary relief to buyers. On Saturday, the price of 22-carat gold fell by Rs 2,750 per 10 grams, bringing the rate down to Rs 1,33,800.

Similarly, 24-carat gold dropped by Rs 2,940 per 10 grams. Over the past week, gold prices have recorded a cumulative decline of Rs 12,550, indicating a notable downward trend in the bullion market.

Silver prices also saw a steep correction, falling by Rs 10,000 in a single move. Over the past week, the metal has declined by Rs 30,000. At present, silver is trading at around Rs 2.5 lakh per kilogram.

Market uncertainty continues to influence precious metals. The ongoing conflict in the Middle Ea...