Gold price experienced its biggest drop in over 12 years, falling as much as 6.3% intraday to near $4,000 an ounce in October 2025, after a remarkable rally that saw gold prices rise around 55-57% this year. As per Bloomberg, gold slipped to around $4,112 per ounce on Friday, October 24, which means it is likely to end the week with a slide of around 3 per cent in value. The publication also reported that this would be the biggest decline in gold prices since May. Experts say that rising interest rates, strengthening of the US dollar, and changes in demand-supply patterns are key reasons behind this decline.

Key Reasons for the Gold Price Drop Globally

Stronger U.S. Dollar: The dollar index (DXY) rose 0.33% to 98.91, making gold pricier for non-U.S. buyers and reducing its appeal as a s

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