<h1>Sharp Drop in Gold and Silver Prices May Hit Bullion Contracts, Collateral Values and Ongoing Commercial Agreements</h1> Gold and silver prices in Delhi's bullion market experienced significant declines, which may impact existing and future bullion contracts, collateral valuations, and pricing under ongoing commercial agreements referencing spot rates. Gold of 99.5% purity fell by Rs 600 to Rs 1,26,100 per 10 grams, while its tax-inclusive rate slipped to Rs 1,25,500 per 10 grams. Silver prices dropped by Rs 2,000 to Rs 1,56,000 per kilogram, inclusive of all taxes. Internationally, spot gold fell 0.38% to USD 4,061.91 per ounce and silver futures decreased 2.13% to USD 49.56 per ounce, potentially influencing hedging positions and import/export contract adjustments.