A sharp decline has been recorded in global gold prices, delivering a major shock to investors as the precious metal witnessed a sudden crash in the international market.
According to details, the price of gold per ounce fell by nearly 10 percent in the global market. During trading, gold dropped by 458 dollars per ounce to reach 4,435 dollars per ounce.
Reports indicate that over the past few days, gold has become cheaper by nearly 1,000 dollars per ounce in the international market, marking one of the steepest declines in recent times.
Meanwhile, international crude oil prices have also registered a downward trend, with prices falling by up to 4 percent.
According to the report, Brent crude oil is currently trading at 67 dollars per barrel, while US WTI crude oil is being sold at 63 dollars per barrel, reflecting continued pressure in the global energy market.
