Gold price prediction: Will gold rate in 2026 match last year's rally?

Gold price started the year of 2026 in a stellar note but then came a plunge in the rate. On Wednesday, gold rate jumped more than 1 per cent from a one-week low the previous session as investors awaited the minutes of January's U.S. Federal Reserve meeting due later today. Now the question remains whether gold price will witness 2025-like rally or not.

Spot gold rose 0.8 per cent ‌to $4,915.90 per ⁠ounce, after gaining more than 1 per cent earlier. U.S. gold futures for April delivery gained ​0.6 per cent to $4,936.30. Bullion prices dropped to $4,841.74 per ounce ​on Tuesday, pressured by a stronger U.S. dollar and ⁠as easing ‌tensions between the United States and Iran dampened safe-haven ​demand, while many ​Asian markets remain closed for the Lunar New ⁠Year.

Gold Rate Prediction

Prices falling below $4,900 "has created some opportunistic buying in the market," said Bernard Dahdah, ​an analyst at Natixis, adding that investors are positioning themselves ahead of the release of January's Fed minutes.

"Unless there are geopolitical reasons, we ​don't expect to see the same rally that we saw last year. So we see prices averaging around $4,850 this year," Dahdah said.

A poll of 30 analysts and traders conducted over the past three weeks returned a median gold forecast of $4,746.50 per troy ounce for 2026.

Meanwhile, Spot silver rose 3.3 per cent to $75.98 per ounce after dropping more than 5 per cent on Tuesday. Spot platinum gained 1.8 per cent to $2,043.38 per ounce, while palladium added 2.1 per cent to $1,718.03.

FAQs

Q1. What is current gold price?

A1. Spot gold rose 0.8 per cent ‌to $4,915.90 per ⁠ounce, after gaining more than 1 per cent earlier. U.S. gold futures for April delivery gained ​0.6 per cent to $4,936.30.

Q2. What is current silver price?

A2. Spot silver rose 3.3 per cent to $75.98 per ounce after dropping more than 5 per cent on Tuesday. Spot platinum gained 1.8 per cent to $2,043.38 per ounce, while palladium added 2.1 per cent to $1,718.03.