In early trading on Friday, the price of 24-carat gold decreased by ₹10, bringing it to ₹1,48,960 per 10 grams. Similarly, silver prices fell by ₹100, now trading at ₹2,49,900 per kilogram. The price of 22-carat gold also saw a drop of ₹10, with ten grams priced at ₹1,36,540. Regional variations were noted, with gold priced at ₹1,49,110 in Delhi and ₹1,49,990 in Chennai. The decline in gold and silver prices is linked to a stronger US dollar and rising oil prices, which have pressured the market. Spot gold in the US fell 2.2% to $4,651.35 per ounce, with futures settling 2.8% lower at $4,679.70. Analysts suggest that the ongoing geopolitical tensions, particularly following comments by former President Donald Trump regarding continued US actions in Iran, have fueled inflation concerns and expectations of higher interest rates. Overall, gold prices have fallen approximately 12% since the onset of the West Asia conflict on February 28.