Gold prices in New Delhi dropped significantly by Rs 1,000 to reach Rs 98,400 per 10 grams, reflecting a downward trend in the global market. This decline can be attributed to easing trade tensions between the United States and China, as well as a stronger US dollar, which has led to reduced demand for safe-haven assets like gold. Along with gold, silver prices also saw a sharp decrease. Investors are keeping a close watch on global tariffs and upcoming economic data from the US, as these factors are expected to continue influencing the prices of bullion.