New York:Gold and silver prices saw a decline in the global markets, with significant shifts observed in their valuations.

According to Azerbaijan State News Agency, gold prices fell by $12.60, reaching $3,987.90 per troy ounce on the New York-based Commodity Exchange Inc. (COMEX).

Silver prices also experienced a reduction, with a drop of $0.46, bringing the price to $51.54 per ounce.