Gold prices have started September well below their record high. As of September 2, 2026, spot gold was trading at $4,333.35 per ounce, according to the latest market data. The price was down 2.75%, or $122.51, from the previous close of $4,455.86.
Gold is still up strongly compared with a year ago. Gold was trading at $3,481.27 per ounce one year ago, meaning the metal is still up about 24.48% over the past 12 months, despite its recent fall. Gold is now far below its 2026 record. The 52-week high for gold is $5,477.79 per ounce. At $4,333.35, gold is about 20.89% below that level.
Gold price after record high
Gold is still well above its 52-week low. The 52-week low stands at $3,530.28 per ounce. Gold is currently about 22.75% above that low, showing that prices remain much higher than their lowest level of the past year. Gold has moved sharply in recent months. The metal has not followed a straight upward or downward path this year. It has seen several periods of strong gains followed by sharp declines, making September's outlook difficult to predict.
Gold reached a record $5,589.38 per ounce earlier this year. The precious metal hit that record on January 28, 2026, before reversing and losing a significant part of its gains in the months that followed, according to CBS News. By September 1, gold was already about 21.8% below its January peak. CBS News reported that gold stood at $4,369.19 per ounce on September 1, showing how much ground the metal had lost from its record level.
