Spot gold prices dropped below the $4,200 per ounce mark during the morning session on September 28, Beijing time.

The precious metal declined more than 2% within the day, marking the first time it has fallen below this level since August 5.

Investors tracking gold-related instruments such as Wilshire wShares Enhanced Gold Trust (WGLD) are closely monitoring these price movements as the market reacts to the significant downturn.