New york: The price of one troy ounce of gold fell by $29.50 to $4,138 on the COMEX (Commodity Exchange Inc.) in New York. The price of silver also declined by $1.35 to $60.98 per ounce.

According to Azerbaijan State News Agency, these changes in gold and silver prices reflect the ongoing fluctuations in the global commodities market. The decline in prices comes amid a backdrop of various economic factors influencing investor sentiment and market dynamics.

The COMEX, a major commodities exchange, serves as a barometer for precious metal prices, and the recent downturn may impact related markets and investors globally. Market analysts continue to monitor the situation closely, assessing potential long-term effects on the commodities sector.