Gold prices drop significantly on Thursday
The selling price of 21-karat gold per gram in the local market has decreased to 89.40 dinars, compared to 85.30 dinars for purchase, as gold prices saw a notable decline on Thursday morning. Additionally, the selling prices per gram for 24 and 18-karat gold were 102.50 and 79.10 dinars, respectively, according to the Goldsmiths Syndicate. This drop in prices comes amidst diminished expectations of an interest rate hike in the United States, leading to a decline in gold prices both globally and locally.
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