Spot gold dropped 2.9 percent to US$3,871.31 per ounce by 17:30 GMT, after touching its lowest level since October 2025 earlier in the session.
US gold futures for December delivery fell 3.2 percent to $3,872 per ounce.
Earlier, Qazinform News Agency reported that in September 2026, Kazakhstan purchased five tons of gold, boosting its international reserves, according to a World Gold Council (WGC) report.