New york: The value of futures contracts for one troy ounce (31.1 grams) of gold has decreased on commodity markets, APA-Economics reports, citing exchange data. The price of August 2026 gold futures for one troy ounce on the COMEX commodity exchange in New York fell by 1.51% to $4,139.4. Additionally, the price of September 2026 silver futures for one ounce on COMEX also decreased by 4.27% to $63.25.

According to Azeri-Press News Agency, these price drops highlight a significant shift in the commodity market. The decrease in gold and silver futures indicates changing trends and investor sentiments. The COMEX commodity exchange, known for its trading of metals, is experiencing these fluctuations as investors adjust to market conditions.