Baku: The price of one troy ounce of gold fell by $22.00 to $4,028.2 on the COMEX (Commodity Exchange Inc.) in New York. The price of silver also declined by $0.38 to $57.68 per ounce.

According to Azerbaijan State News Agency, the drop in both gold and silver prices reflects the fluctuations in the global commodity markets. Factors influencing these changes can include market demand, currency exchange rates, and geopolitical developments.

Investors and analysts continue to monitor these trends closely, as precious metals often serve as indicators of economic health and stability. With current market conditions, stakeholders are advised to stay informed of potential shifts that could impact investment strategies.