New Delhi, Sept. 9 -- The price of the yellow metal in India's retail market dropped on Wednesday, 9 September, amid ongoing uncertainty over the US-Iran conflict, with Iran claiming that it has hit American vessels, oil tankers in Hormuz in retaliation for US strikes.

Iran's Revolutionary Guards Corps claimed today that they struck two American vessels and eight oil tankers in the Gulf, retaliating against the US striking five Iranian tankers, as per a report by CNBC US.

The claim marks the latest exchange in a conflict that has pushed Brent crude to near $100 a barrel, as the two sides exchange strikes along one of the world's most critical oil corridors.

Subsequently, in international markets, gold prices firmed on Wednesday as the ...