The spot price of gold fell by 2.90% to $4,563.22 per ounce on April 29, 2026, according to the latest market data. This is a decline of $136.30 from the previous close of $4.699.52. One year ago, gold traded at $3,335.58 per ounce, meaning prices have risen 36.80% over the past 12 months. Gold prices are driven by inflation expectations, central bank policy, global economic conditions, and investor demand. Investors can invest in gold by buying physical coins or bars, purchasing ETFs that track its price, or investing in mining stocks.