Gold and silver futures ended with sharp declines in the previous session. While gold fell by over Rs 500 or 0.84%, silver futures fell by 2.05% or by Rs 1,545. On the Comex, Gold futures were trading at $1,949.20 per troy ounce on Friday, up by $3.50 or 0.54% while Silver futures trading at $24.285, lower by $0.082 or 0.340%.