Economy

Gold and silver prices decline in global trading

Gold and silver prices decline in global trading

Gold fell 0.4% in spot trading to $4,190.58 per ounce, while silver dropped 0.2% to $60.71 per ounce, weighed down by the overall decline in precious metals.

Precious metals prices recorded a notable decline in global trading on Friday, as markets reacted to a set of economic factors.

Gold fell 0.4% in spot trading to $4,190.58 per ounce, retreating from record levels touched in previous sessions.

Silver also dropped 0.2%, reaching $60.71 per ounce, affected by the broader decline in precious metals prices.

The drop in the two metals came amid market interaction with several economic factors, including the resilience of the US dollar.