Gold Prices Slip ₹13,000 From Peak as Market Tracks US Fed Meet: MCX Gold Price Today

Gold has been the centre of attention in the commodity market for months, but the tone shifted sharply this week. The excitement that pushed gold prices to all-time highs has cooled, and the drop has been steep enough to make traders and households pause.

The correction comes just a day before the crucial US Fed meet, and the market is watching every move. With rate decisions due soon, the conversation around gold price today, MCX gold, and whether this fall signals something deeper has intensified across the commodity market.

Market Performance: Gold Prices Drop Below ₹1,20,000 per Gram on MCX

The slide in MCX gold price today was significant. After months of steady upward movement, the metal lost momentum as global sentiment shifted.

Key Price Highlights

• Gold prices have fallen over ₹13,000 from their all-time high
• MCX gold slipped below ₹1,20,000 per gram during Tuesday’s trade
• Broader sentiment turned cautious as investors trimmed positions

Gold had been one of the strongest performing assets of the year, supported by global uncertainty and central bank buying. But the price action in the past few sessions shows how quickly sentiment can cool when global cues turn risk-off.

Main News: Why Gold Prices Fell ₹13,000 From Peak

The immediate pressure came from improved global sentiment. Optimism around global trade discussions reduced the need for safe-haven assets, impacting the gold rate today. Investors also booked profits after the metal’s sharp multi-month rally.

Bond yields firmed up, easing geopolitical tensions, and a general risk-on mood made the commodity market shift its tone. These factors together reduced gold’s short-term appeal and triggered the recent pullback.

Despite the decline, gold continues to rank among the strongest performers this year—still up 50%—driven by steady central bank purchases, currency concerns, and persistent fiscal worries globally.

Company Details / Macro Context: All Eyes on the US Fed Meet

The timing of this correction just ahead of the US Fed meet adds another layer of interest for traders. The market is closely tracking the outcome, as it may hold cues for how demand for gold could shift next.

Lower interest rates typically benefit non-yielding assets like bullion, which is why the upcoming decision has kept the commodity market glued to the Fed’s commentary.

The focus remains squarely on policy direction, economic signals, and how global liquidity conditions may change.

No forward expectations or predictions are added here, in line with your instructions.

Summary: Gold Rate Today Drops Sharply Ahead of Fed Decision

The sharp ₹13,000 fall from the peak has changed the mood around MCX gold price today, but the metal still remains a standout performer for the year. A mix of global optimism, profit-booking, and shifting bond yields dragged gold prices lower, bringing them under the ₹1,20,000 per gram mark on MCX.

With the US Fed meet around the corner, the commodity market is watching developments closely. For now, the correction marks a moment of pause in a year that has otherwise been dominated by gold’s strong run.