New Delhi, Sept. 15 -- The price of the yellow metal in India's retail market declined on Tuesday, 15 September, amid ongoing uncertainty over the US-Iran conflict, with oil extending gains following Houthi strikes on Saudi Arabia, as the conflict continues to expand.

Oil extended gains Tuesday, amid reports of fresh Houthi strikes on Saudi Arabia and attacks by Iran on ships in the Gulf. Futures for international benchmark Brent crude for November delivery gained 1.25% to $107.00 a barrel. US West Texas Intermediate futures for October advanced 1.27% at $102.68 per barrel, as per a report by CNBC US.

Furthermore, Saudi Arabia closed its critical East-West pipeline that bypasses the Strait of Hormuz, after drones launched from Iraq dama...