New york: The price of one troy ounce of gold fell by $31.50, reaching $5,194.10 on the COMEX Commodity Exchange in New York. This significant drop in gold prices has been observed amidst fluctuating trends in the global commodity markets.

According to Azerbaijan State News Agency, while gold prices experienced a decline, the price of silver saw an increase. Silver rose by $0.94, trading at $88.16 per ounce. This contrasting movement in the prices of these precious metals highlights the current volatility in the commodity exchange markets.