Gold Price Today: Gold Rises 1.75% on August 07, 2026
The spot price of gold reached $4,340.45 per ounce on August 7, 2026, marking a 1.75% increase in a single day. Prices have risen significantly over the past year, driven by complex global economic factors and investor demand.
Why it matters
Gold is a key indicator of market sentiment and economic stability; its price fluctuations reflect broader concerns regarding inflation and currency strength.
Hear this story How much is gold per ounce today? As of Aug. 7, 2026, at 12:05 p.m. ET, the spot price of gold was $4,340.45 per ounce, according to the latest market data. That's up 1.75%, a gain of $74.64 from the previous close of $4,265.81.
One year ago, gold traded at $3,369.04 per ounce, meaning prices have risen 28.83% over the past 12 months.
Gold is trading 20.76% below its 52-week high. It remains 30.94% above its 52-week low.
A week ago, gold traded at $4,101.40 per ounce. Prices are up 5.83% since then.
A month ago, gold traded at $4,103.13 per ounce. Prices are up 5.78% since then.
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