Gold Price Plummets to $4,030.93 Per Ounce on July 29

The current spot price of gold is $4,030.93 per ounce as of July 29, 2026, at 8:05 a.m. ET. This represents a decline of 0.87% from its previous close of $4,066.45.

Compared to one year ago, when the price was $3,311.31 per ounce, gold has increased by 21.73%. However, it remains 26.41% below its 52-week high and 22.72% above its 52-week low.

The current market data indicates that gold is driven by factors such as inflation expectations, central bank policy, global economic conditions, and investor demand. The currency strength of the U.S. dollar also plays a role in determining daily prices.