Gold prices dropped by ₹4,100 to ₹1,21,800 per 10 grams in Delhi on Tuesday, according to the All India Sarafa Association. Silver prices also registered a steep fall of ₹6,250 to ₹1,45,000 per kilogram on Tuesday. In the international markets, spot gold declined by $94.36, or 2.37%, to $3,887.03 per ounce.