The average price of gold drops again and this Wednesday, April 29, it already marks 126.10 euros per gram of 24 carats, which means a decrease of 3.35%, compared to the 130.32 euros from last Wednesday, April 22. This means that a gram of 24-karat gold is paid 4.22 euros cheaper today than last Wednesday. You can see the price of gold live through the specialized international portal Exchange-Rates.
Despite the volatility that the price of gold has shown in recent months, it now seems to be stabilizing after a month of March in which its price did not stop falling and a month of April in which it recovered its value until reaching approximately 130 euros, a price at which it has practically remained almost the entire month of April. Now its price is dropping but without reaching the levels seen at the end of March.
The price of gold today per gram, ounce and kilogram
Compared to the price of gold yesterday, a slight drop of only 0.04 euros per gram can be seen. These were the movements recorded by the spot price of gold this Wednesday, April 29, before 9 in the morning:
- Price of 24-karat gold per gram: 126.10 euros, with a drop of 0.04327 euros compared to the previous day.
- Price of 24-karat gold per ounce: 3,922.29, with a drop of 1.3458 euros compared to the previous day
- Price of 24-karat gold per kilogram: 126,104 euros, with a drop of 43.2669 euros compared to the previous day.
If we take into account the decline that this precious metal is experiencing in the last two weeks of April, its prices already reach levels from the beginning of the year, before the great rebound at the end of January.
Gold closes April with volatility due to uncertainty in the Middle East
In the last days of April, the price of gold is showing volatile behavior, with almost daily rises and falls depending on geopolitical and economic news. Although it remains at high levels after weeks of international tension, it has been falling in recent days to reach levels from the beginning of the year (mid-January). But it is true that the precious metal does not follow a clear trend right now, alternating rallies when uncertainty increases and corrections when the markets perceive a certain stability or strengthening of the dollar. This movement reflects a highly sensitive context in which investors react quickly to any change in the global scenario.
The conflict in the Middle East continues to be the main factor driving this dynamic. Each episode of military escalation reinforces the role of gold as a safe haven asset and raises its price, while expectations of a truce or negotiation cause downward adjustments. Furthermore, the indirect impact of the conflict, such as pressure on energy prices or monetary policy, only causes more doubts among investors who are no longer clear if it is the best time to invest in it or just the opposite.