In early trading on Monday, the price of 24-carat gold decreased by ₹10, bringing the cost to ₹1,52,720 per 10 grams, as reported by GoodReturns. Similarly, the price of silver fell by ₹100, now trading at ₹2,74,900 per kilogram. The price of 22-carat gold also saw a decline of ₹10, priced at ₹1,39,990 per 10 grams. Regional variations exist, with 24-carat gold priced at ₹1,54,900 in Chennai and ₹1,55,900 in Delhi. Market analysts attribute the drop in gold prices to concerns regarding potential interest rate hikes in the US, which have led to a subdued demand for gold in India. Last week, buyers remained hesitant due to fluctuating overseas prices. Additionally, spot gold fell 0.2% to $4,321.49 per ounce, while silver and platinum also experienced declines. The overall market sentiment remains cautious as renewed geopolitical tensions in the Gulf region contribute to inflation concerns, further impacting precious metal prices.