New Delhi, Aug. 24 -- The price of the yellow metal in India's retail market rose on Monday, 24 August, amid ongoing uncertainty over the US-Iran conflict in the Middle East.

US Treasury Secretary Scott Bessent said the US is ready to unveil 'the single greatest financial offensive ever' against Iran, starting today, while Tehran threatened to seize vessels that violate transit rules in the Strait of Hormuz, according to a CNBC US report.

In the international market, gold prices hit their highest levels in more than three months on Monday as a subdued dollar lent support, while focus shifted to key US inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh.

Spot gold was up 0.5% at $4,627.42 per ounce, as of 01...