Core Insights - Gold prices have experienced a significant decline, with a market capitalization loss of nearly $2.5 trillion, marking the largest two-day drop since 2013, trading at $4,058.19 per ounce, down 0.97% [1] - The total market cap of tokenized gold has decreased by approximately 7% in the past 24 hours, standing at $3.8 billion [2] Tokenized Gold Performance - Tether Gold (XAUt) saw a price drop of 4% in 24 hours, trading at $4,040.85 [3] - PAX Gold (PAXG) fell by 3.9%, with a trading price of $4,090.41, each token backed by one troy ounce of gold stored in LBMA vaults [3] - Kinesis Gold (KAU) decreased by more than 4%, trading at $131.19, with each token backed by 1 gram of gold [4] - VeraOne (VRO) was the most affected, dipping over 7% in 24 hours, trading at $129.83, with each token backed by 1 gram of LBMA gold [4]