Gold Prices Fall After Record High

Gold Rate Today: Gold prices began the week with a fall, dropping sharply on Monday and continuing to stay lower on Tuesday.

In January 2026, gold prices in India reached a record high as they climbed nearly 20 per cent over the previous period. This strong rise made gold very expensive for buyers and investors.

However, prices have recently retreated. Over just 10 days, gold rates fell by more than 12 per cent. This drop came soon after the Union Budget was presented by Nirmala Sitharaman on February 1, 2026. Budget announcements can affect investor sentiment and market trends, and in this case, gold saw a sharp correction.

Gold is traded in different purities. 24-karat gold, which is the purest form, is most commonly bought for investment and savings. 22-karat and 18-karat gold have lower purity but are widely used to make jewellery because they are harder and easier to shape.

The recent price movement shows that while gold remains an important asset for many Indians, its market value can change quickly due to economic events and policy decisions. Buyers and investors are advised to watch price trends closely before making purchases.