Gold prices continued their downward trajectory on Monday, extending the losses seen in international markets over the weekend.
The precious metal faced renewed selling pressure as traders retreated from recent highs, signaling a pause in the rally that had pushed bullion to record levels earlier in the month.
This development follows a period of volatility in the gold market, where prices had previously reclaimed the $4,200 level before retreating.
Spot gold prices fell in line with global benchmarks, which had already declined on Saturday.
The broader softening in precious metals markets reflects a shift in sentiment, with investors taking profits after a sustained run-up.
Momentum has faded as market participants reassess near-term drivers, leading to a pullback from the elevated levels seen in late June.
This development follows a period of volatility in the gold market, where prices had previously reclaimed the $4,200 level before retreating.