On Monday, the price of 24-carat gold dropped by ₹10, bringing it to ₹1,50,650 per ten grams. Similarly, 22-carat gold also saw a decrease of ₹10, now priced at ₹1,38,090 per ten grams. In terms of silver, the price fell by ₹100, with one kilogram trading at ₹2,49,900. Prices varied slightly across major Indian cities, with Chennai showing the highest rates for both gold and silver. In Chennai, 24-carat gold is priced at ₹1,52,630 per ten grams, while 22-carat gold is at ₹1,39,910. The price of silver in Chennai is notably higher at ₹2,60,100 per kilogram. Meanwhile, in the US, gold prices remained stable as investors await developments regarding the Strait of Hormuz, a significant geopolitical flashpoint.