Gold prices in Delhi dropped significantly by Rs 1,000 to reach Rs 98,400 per 10 grams, reflecting a downward trend in the global market. The dip can be attributed to easing tensions in the US-China trade relations and a stronger dollar, which have diminished the appeal of safe-haven assets like gold. Silver prices also witnessed a sharp decline amidst these market conditions. Investors are keeping a close watch on global tariffs and the upcoming economic data from the US, as these factors are expected to continue influencing the prices of precious metals.