New Delhi, April 20 -- Gold, silver rates today on 20 April: Gold and silver prices dropped up to 2.5% on Monday, 20 April, after ships were attacked in the Strait of Hormuz over the weekend. These developments have revived concerns about disruptions to energy supplies and added to inflation worries amid over seven weeks of conflict in the Middle East.

Furthermore, the COMEX gold rate today was down by 2% to $4,780 per ounce, erasing most of last week's 1.7% advance. Meanwhile, the COMEX silver rate today plunged 2.5% to $78.75 per ounce during the Asian trading hours on Monday.

Gold has declined roughly 9% and silver has lost around 14% since the beginning of the US-Iran war in late February. All retail buyers should note that jeweller...