Bhubaneswar, Feb. 6 -- Gold prices in India witnessed a sharp decline on Thursday amid heightened market volatility. According to the latest rates, 24-carat gold fell by Rs 502 per gram to Rs 15,442, while 22-carat gold declined by Rs 460 per gram to Rs 14,155.

Market experts attributed the fall to global economic cues, particularly speculation surrounding US President Donald Trump's nomination of Kevin Warsh as the next Chair of the US Federal Reserve. The development has fuelled expectations of a tighter monetary policy, with the possibility of higher interest rates putting pressure on non-yielding assets such as gold.

8 grams: Rs 1,23,536 (down Rs 4,016)

10 grams: Rs 1,54,420 (down Rs 5,020)

100 grams: Rs 15,44,200 (down Rs 50,200)...