In early trading on Thursday, the price of 24-carat gold decreased by ₹10, bringing the total to ₹1,58,280 for ten grams, as reported by GoodReturns. Concurrently, silver prices fell by ₹100, with one kilogram now costing ₹2,84,900. The price of 22-carat gold also saw a decline of ₹10, settling at ₹1,45,090 for ten grams. Regional variations in gold prices were noted, with Chennai reporting the highest price for 24-carat gold at ₹1,59,810 per ten grams. In contrast, Delhi's price for the same was slightly lower at ₹1,58,430. The decline in gold and silver prices is attributed to rising oil prices following recent US military actions against Iran, which have heightened inflation concerns and affected interest rate forecasts. Furthermore, the dollar's strength has made gold more expensive for international buyers, contributing to the downward trend. As of the latest updates, spot gold is down 0.8% at $4,419.60 per ounce, while silver has decreased by 1.7% to $73.34 per ounce.