The international gold market has been hit by a dramatic downturn, with prices dropping steeply in just 24 hours. Gold fell 2.36% in a single day, pushing the price per ounce below the $4,500 mark for the first time in weeks.
According to trusted global tracker GoldPrice, the metal slid by $109, bringing the latest price to $4,494 per ounce, down from more than $4,600 the previous day.
The weekly picture is even more striking. On March 14, gold was trading at $5,020 per ounce. That means the precious metal has plunged $526 in one week a staggering 10.5% decline. Such a sharp correction has caught investors off guard, especially after months of strong gains driven by geopolitical tensions and market uncertainty.
Analysts say the sudden drop reflects shifting global sentiment, profit‑taking by major investors, and easing demand after a period of record‑high prices. Still, with markets volatile and geopolitical risks lingering, traders are watching closely to see whether this downturn stabilises or deepens further.
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