New york: The value of futures contracts for one troy ounce (31.1 grams) of gold has decreased in commodity markets. The value of gold futures for August 2026 delivery on the New York Commodity Exchange (COMEX) fell by 0.84% to $4,467 per troy ounce.

According to Azeri-Press News Agency, the price of silver futures for July 2026 delivery on COMEX also experienced a decrease, falling by 1.59% to $72.8 per ounce. This trend highlights a continuing decline in the prices of these precious metals in the commodities market.

The fluctuations in gold and silver prices are closely watched by investors and analysts, as they play a significant role in the global economy. The shifts in futures contracts can impact investment strategies and market expectations for the coming years.