BENGALURU: Gold prices edged lower on Wednesday, taking a breather after surging past the key $4,500-an-ounce mark earlier in the session, while silver and platinum trimmed some gains following their record-breaking rally.
Spot gold was down 0.3 per cent at $4,473.49 per ounce at 11:52 a.m. ET (16:52 GMT), after marking a record high of $4,525.18 earlier in the session.
US gold futures for February delivery fell 0.1pc to $4,500.30.
The gold market is seeing some chart consolidation and mild profit-taking after record highs, said senior analyst at Kitco Metals Jim Wyckoff. Gold tends to do well in a low-interest-rate environment and thrives during periods of uncertainty.
Silver hit an all-time high of $72.70 and was last up 0.1pc at $71.5 an ounce.
“The next upside target for gold market is $4,600/oz and for silver is $75/oz by the end of the year. The technicals remain bullish,” Wyckoff added.
Platinum peaked at $2,377.50 before paring gains to stand 4pc lower at $2,186.16. Palladium was down more than 10pc at $1,675.43 an ounce, retreating after touching its highest in three years earlier.
Published in Dawn, December 25th, 2025
