Gold prices fell by the most in over a decade on Tuesday, October 21, 20225, as investors booked profits.

This follow weeks of steady gains marking the biggest single-day sell-off in over a decade.

Spot gold hit as low as $4,090.97 per ounce, a near $300 fall from the all-time high of $4,380.89 set just a day ago.

US gold futures saw a 5.4% decline in New York, trading at around $4,100 per ounce.

Silver and platinum prices also followed the trend, sliding 6.7% and 7.2% respectively, the gold rate today stood at $4,052.29 per ounce.

Gold price hits new record high of $4,225

Gold investors may have to stay patient given how high the metal has flown without taking much of a breather.

Despite Tuesday’s sharp decline, gold remains one of the best-performing commodities of 2025, rising by two-quarters year to date.

SP/SA

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