New Delhi, March 23 -- Gold prices have witnessed a sharp decline since last week, marking the worst weekly fall in the past 40 years, with prices dropping to USD 4,354 per ounce.

The precious metal has fallen significantly from around USD 5,200 per ounce on March 13 to USD 4,354 per ounce by March 23, reflecting a steep correction in a short span.

Gold, which had earlier touched an all-time high of 5,595.51, has now come under pressure amid changing global market dynamics.

Market experts noted that despite ongoing geopolitical tensions, gold has failed to sustain its traditional safe-haven appeal in the current environment.

According to a report by The Wall Street Journal, the recent pullback in gold prices may offer opportunities fo...