Daily bullion rates ease across Indian cities after festival spike

Retail quotes for 24K, 22K and 18K gold across major Indian cities moderated versus last week’s highs as global prices softened. After a scorching festival-season rally, local benchmarks reflected the pullback, offering buyers a more favourable entry compared with Dhanteras peaks. Traders said demand momentum cooled following heavy purchases earlier in the month, while attention turned to global rate expectations and currency moves. The adjustment may stabilise jewellery orders and wholesale restocking into the coming week.