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Gold falls 7.7% in a single session
Gold closed at $4,043.21 per troy ounce on 2 August 2026, down $337.19 (7.70%) from the previous close of $4,380.40.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $3,473.70, making this a +16.39% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $4,043.21 per troy ounce on 2 August 2026. That is $337.19 lower than the previous close of $4,380.40, a move of -7.70%.
The gold price fell on 2 August 2026, losing $337.19 (7.70%) against the previous session's close of $4,380.40.
At $4,043.21 per troy ounce, one gram of pure gold was worth about $129.99 on 2 August 2026. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 August 2026 18k gold was worth about $97.49 per gram and 14k about $75.83 per gram, against $129.99 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.2 on 2 August 2026, meaning one ounce of gold was worth roughly 70.2 ounces of silver.
A week before 2 August 2026, gold was around $4,067.60 per troy ounce, so the close of $4,043.21 is a loss of 0.6% over the week.
A month before 2 August 2026, gold was around $4,112.70 per troy ounce, so the close of $4,043.21 is a loss of 1.7% over the month.
A year before 2 August 2026, gold was around $3,473.70 per troy ounce. The close of $4,043.21 therefore represents a rise of 16.4% over twelve months.