Gold prices witnessed a sharp correction on Dhanteras, falling by ₹2,400 to ₹1,32,400 per 10 grams in the national capital on Saturday, even as jewellery stores across India saw a surge in footfall and record festive sales.

After touching an all-time high of ₹1,34,800 per 10 grams on Friday, prices eased amid profit booking and softer global cues.

Despite the dip, consumer sentiment remained upbeat, with gold and silver purchases estimated to cross ₹60,000 crore during the Dhanteras weekend alone.

In the local bullion market, gold of 99.5 per cent purity also saw a sharp pullback, depreciating by Rs 2,400 to Rs 1,31,800 per 10 grams (inclusive of all taxes). It had touched a lifetime high of Rs 1,34,200 per 10 grams in the previous session.

Prices of gold of 24 karat have risen Rs 51,0

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