Answer
Feb 02, 2026 - 06:28 AM
As of Monday, February 2, 2026, at 9:00 AM ET, the spot price of gold is $4,730.30 per ounce, representing a 6.83% decrease from Friday's price of $5,077.10. For investors tracking different denominations, the current gold price stands at approximately $152.08 per gram and $152,081.70 per kilo. This sharp correction, dubbed by some as "The Monday Reset," follows a record-breaking rally and is primarily driven by forced liquidations and increased margin requirements after the nomination of a more hawkish Federal Reserve Chair.
