Gold prices at the start of Friday's trading in Asian markets saw a significant decline and each ounce fell almost $30 

The price of an ounce of gold was trading between $1,660 and $1,668, which saw a significant drop compared to Thursday's market opening price. 

The decline in gold prices is due to a number of reasons, the most important of which is the appreciation of the US dollar, which reached its highest level in almost three decades. 

Gold prices fell for four days and lost much of their value.