Gold futures drop ₹496 to ₹1.61 lakh per 10 g

Gold prices dropped 0.31% to ₹1.61 lakh per 10 grams in the futures trade on Tuesday (February 24, 2026) amid global uncertainties triggered by U.S. tariffs.

On the Multi Commodity Exchange, the yellow metal for April delivery depreciated by ₹496, or 0.31%, to ₹1,61,102 per 10 grams in a business turnover of 7,587 lots.

In the global market, Comex gold futures for April contract declined $28.16, or 0.54%, to $5,197.44 per ounce.

“Gold slipped below $5,200, as investors booked profits following a four-session advance driven by trade policy uncertainty and Middle East tensions. Despite the pullback, bullion remains supported by hedging demand amid fiscal risks, while markets await key U.S. confidence and manufacturing index,” brokerage firm Kotak Securities said.

The Trump administration is seeking to revive its global tariff agenda after the Supreme Court last week blocked many of the levies imposed last year.

Following the decision, President Donald Trump announced a new 10% tariff, which takes effect from Tuesday (February 24, 2026). He has also threatened to raise it to 15%.

This comes as many countries reassess their trade positions after the ruling. The EU has halted the ratification process of its trade agreement, while India deferred talks with the U.S.