Gold Price Today August 4 2026

1. The spot price of gold was $4,068.41 per ounce as of August 4, 2026, at 8:05 a.m. ET, down 0.07% from the previous close of $4,071.11 [1]. This slight decline comes as gold prices have risen 21.20% over the past 12 months, with the metal trading 25.73% below its 52-week high and 22.73% above its 52-week low.

2. Gold is driven by various factors, including inflation expectations, central bank policy, global economic conditions, and investor demand [1]. The current price of gold is also influenced by currency strength, particularly the U.S. dollar, as well as physical and industrial demand.

What drove the move

The price of gold has been driven by its status as a safe-haven asset, with investors gravitating towards it during times of economic and political turmoil [3]. The metal's reliability as a store of value and hedge against inflation also contributes to its appeal. In Jalgaon, India, the market rate for 22-karat gold stands at ₹13,065 per gram, while pure 24-karat gold is priced at ₹14,263 per gram [2].

The competitive picture

Investors can add gold to their portfolios through various means, including buying physical gold, gold coins, or investing in gold ETFs [3]. Online stores such as APMEX and JM Bullion offer a range of gold products, including bullion and coins. APMEX has been selling precious metals online since 2000 and offers educational resources to help investors make informed purchases [3].

What to watch

• The next key level to watch for gold is its 52-week low of $3,314.92 [1]
• The gold-to-silver ratio, which can indicate whether one metal is overvalued or undervalued relative to the other [2]
• The performance of the Nifty 50 to gold ratio, which can signal whether equities are undervalued or overvalued compared to gold [2]

The real significance of the current gold price lies in its implications for investors seeking a safe-haven asset amidst economic uncertainty. As gold continues to trade below its 52-week high, investors will be watching key levels and ratios to determine the best course of action.