New Delhi, Oct. 27 -- The prices of the yellow metal dropped on India's Multi Commodity Exchange (MCX) on Monday, October 27, amid a strong dollar and expectations of easing trade tensions between the US and China.

On Monday, October 27, MCX Gold December futures dropped 0.78% to Rs.1,22,490 per 10 grams at 9:32 am, while MCX Silver December contracts fell 1.07% to Rs.1,45,898 per kg.

According to data on the Indian Bullion Association (IBA), 24-carat gold was priced at Rs.1,22,590/10 gm at 9:40 am on October 27, and 22-carat gold was priced at Rs.1,12,374/10 gms. Silver prices today are at Rs.1.46,380/kg (Silver 999 Fine).

In the last 20 years, gold prices have surged by an impressive 1,200% from Rs.7,638 in 2005 to over Rs.1,25,000 i...