India, Jan. 31 -- Gold and silver prices remain in sharp focus after touching record highs until Wednesday. On Friday, both metals saw some decline, prompting speculation about the factors behind the pullback. Prices have since remained largely range-bound on Saturday.

According to a report by news agency PTI, gold of 99.9 per cent purity fell sharply by Rs.14,000, or 7.65 per cent, to Rs.1,69,000 per 10 grams (inclusive of all taxes) on Friday. The metal had touched a record high of Rs.1,83,000 per 10 grams on Thursday, after rising by Rs.12,000.

Silver, meanwhile, dropped by Rs.20,000, or nearly 5 per cent, to Rs.3,84,500 per kilogram (inclusive of all taxes). In the previous session, the white metal had jumped Rs.19,500 to scale an a...