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Gold drops 55 pounds to 5600 pounds
Gold prices have declined in local markets, with the 21-karat gram losing about 55 pounds to reach 5,600 pounds. Meanwhile, the 18-karat gram was recorded at approximately 4,800 pounds, and the 24-karat gram at around 6,400 pounds. The price of the gold pound has fallen to 45,280 pounds. Globally, prices continue to decline as spot prices dropped below $4,000 per ounce for the first time since November 2025, amid expectations of further increases in US interest rates. This reflects strong dollar pressures and weak investment demand for the yellow metal.
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