Local gold drops, gram down 50 pounds

Gold prices in the local market experienced a decline of 50 pounds per gram, despite the increase in the ounce price on the global market. The price of 21-karat gold ranged between 6,250 and 6,300 pounds per gram, with a relatively stable trend due to a balance between the global price rise and fixed exchange rate interventions. The market is awaiting the outcome of the Federal Reserve's meeting and its impact on interest rates, amid rising demand for gold from central banks worldwide.

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