Gold price on Tuesday drops big. Check gold rate prediction till March, 2026

Gold price today dipped 0.5 per cent. The fall in gold rate came early Tuesday trade after Gold prices had breached $4,600 per ounce for the first time ever, followed by investors booking profits.

Gold prices edged lower on Tuesday, as investors booked profits after the precious metal struck the record $4,600/ounce level in the last session amid sharpened geopolitical and economic uncertainty. Spot ‌gold traded 0.3 per cent ‌lower at $4,593.81 per ounce as of 0646 GMT, while U.S. gold futures for February delivery slipped 0.6 per cent to $4,587.10.

"There ‌are probably a few people out there just booking some short-term profit, but as we saw yesterday, the dip in Asia hours could be bought pretty quickly," said Kyle Rodda, senior market analyst at Capital.com.

Gold Rate Prediction in 2026

Non-yielding assets tend to do well in a low-interest-rate environment and when geopolitical or economic risks spike. Citi raised its three-month price ‍targets to $5,000/oz for gold, as per a report on Reuters.

The bullion climbed more than 2 per cent to hit an ​all-time high of $4,629.94 in the previous session after ​the Trump administration opened a criminal investigation into Federal Reserve Chair Jerome Powell.

The rally was supported by US President Trump announcing a 25 per cent tariff on nations trading with Iran and warned of potential military action as protests intensified.

Markets remain focused on the criminal probe into Fed Chair Jerome Powell’s testimony, which he termed politically motivated pressure to force rate cuts, said Rahul Kalantri, VP Commodities, Mehta Equities Ltd.

Investors also await key US inflation data for clearer policy direction. While rates are expected to remain unchanged this month, markets continue to price in two cuts later this year, analysts said.

Last week’s US jobs report showed weaker‑than‑expected payroll gains, reinforcing expectations that the Federal Reserve will deliver further interest‑rate cuts this year.

Demonstrations in Iran led markets to weigh the chances of political upheaval and its implications for oil supplies. Russia's ongoing war in Ukraine and Washington's renewed signals over taking control of Greenland are other factors supporting the rally.