<h1>Gold drops Rs 500 and silver Rs 2,000 as rupee strengthens against US dollar amid global trade tensions</h1> Gold and silver prices in the national capital declined significantly due to the appreciation of the rupee against the US dollar. Gold of 99.9% purity fell by Rs 500 to Rs 98,020 per 10 grams, while silver prices dropped Rs 2,000 to Rs 1,12,000 per kilogram. The rupee strengthened following lower crude prices and suspected central bank interventions after the announcement of 25% tariffs on Indian imports by the US. Positive US economic data and a hawkish stance from the US Federal Reserve contributed to a stronger US dollar, exerting downward pressure on bullion prices. Market analysts indicated that upcoming US economic indicators will be closely monitored for further monetary policy guidance. The price movements reflect the impact of international trade tensions, currency fluctuations, and central bank policies on domestic precious metal markets.