Gold rate: Gold has witnessed a volatile year in 2026. Gold rate has been down 3 per cent this year due to expectations of interest rates staying higher for longer amid the Iran war. It jumped 64 per cent in 2025, which was its biggest yearly rise since 1979, and hit a record high of $5,595 an ounce in January. Gold prices rose on Tuesday, supported by a pause in the US Treasury yield's rally and a weaker dollar, while investors awaited the minutes of the Federal Reserve's September meeting for fresh clues on its monetary policy outlook. Spot gold rose 0.7 per cent to $4,168.33 per ounce. US gold futures for December delivery settled 0.7 per cent higher at $4,187.10.
The price of gold is expected to hit $5,013 a troy ounce over the next 12 months, up from the current level of $4,170, delegates to the London Bullion Market Association's (LBMA) annual gathering in Sorrento, Italy predicted on Tuesday. A year ago the delegates of the same conference expected gold to be at around $4,980 by now.
