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Spot gold fell 0.4 percent to $4,576.79 per ounce as of 0134 GMT. Bullion hit a record high of $4,629.94 on Monday.
US gold futures for February delivery lost 0.6 percent to $4,585.40. Spot silver shed 1.6 percent to $83.62 per ounce after hitting an all-time high of $86.22 on Monday.
Spot platinum lost 2.5 percent to $2,283.95 per ounce after scaling a record peak of $2,478.50 on 29th December.
Palladium also slid 3.7 percent to $1,774.44 per ounce.