Global market price drops

The price of gold in the international market has fallen due to the decline in the market, which is due to the lows in the US and China markets due to local holidays, and the gold price in the spot market fell 1.1 percent to $4,986.32 per ounce on Monday (February 16).

Market analyst Tim Otara said, "Some of the jump gold that was reported on Friday after the release of US consumer inflation (CPI) data has returned today. Low transactions and no new strong positive factors have been under pressure, he added, he added that the investors made a profit.