Gold prices in Delhi saw a significant drop of Rs 1,000 to reach Rs 98,400 per 10 grams, following a downward trend in the global market. The decline was attributed to easing tensions in the US-China trade relations and a stronger dollar, which led to decreased demand for safe-haven assets like gold. Silver prices also witnessed a sharp decrease in line with the downward movement of gold. 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 precious metals. The current scenario indicates a challenging time for bullion markets worldwide, with fluctuations likely to persist in the near future.