NEW YORK — Gold’s advance through $4,444 per troy ounce on Thursday left the Comex futures market at its highest settlement since early August 2026, a level driven by two consecutive sessions of dollar weakness and data signalling that the Federal Reserve may be closer to a policy pause than its most recent minutes suggested.
| Purity | Per Gram | Per Troy Oz | Change |
|---|---|---|---|
| 24 Karat (999 Fine) | $142.86 | $4,444 | ▲ $2.14 |
| 22 Karat (916 KDM) | $130.96 | $4,074 | ▲ $1.96 |
| 18 Karat (750 Fine) | $107.15 | $3,333 | ▲ $1.61 |
| 14 Karat (583 Fine) | $83.23 | $2,592 | ▲ $1.25 |
| 10 Karat (417 Fine) | $59.57 | $1,852 | ▲ $0.89 |
| Rates as of September 4, 2026 New York close. Spot price via Comex. All prices are indicative and exclude dealer premiums, fabrication charges, and applicable taxes. Confirm final price with your dealer before purchase. | |||
The move added roughly $66 per troy ounce over two sessions. At the per-gram level most retail buyers encounter, that translates to a $2.14 increase for 24-karat gold, now quoted at $142.86 per gram. The practical gap between spot price and what a consumer pays at a jeweller or coin dealer is considerably wider — dealer premiums on bullion coins have run between 4 and 7 percent above spot in 2026, and gold jewellery in the United States carries no federal hallmarking mandate, meaning retail pricing can include margins well above the theoretical karat value.
A softer dollar has been the consistent mechanical driver of gold’s 2026 gains. When the dollar weakens against major currencies, gold — priced in dollars globally — becomes cheaper to buy in yen, euros, and sterling, which tends to stimulate international demand and support the underlying Comex price. The World Gold Council has tracked three consecutive years of global central bank net purchases exceeding 1,000 tonnes, a pace that has structurally altered the market’s price floor. Individual central banks including those of Poland, Turkey, and India have publicly disclosed active accumulation programs this year.
| Market | Currency | Per Gram (24K) | Per Troy Oz |
|---|---|---|---|
| United States (Comex) | USD ($) | $142.86 | $4,444 |
| United Kingdom (LBMA) | GBP (£) | £106.31 | £3,307 |
| Euro Zone | EUR (€) | €131.28 | €4,085 |
| UAE (Dubai) | AED | AED 524.57 | AED 16,316 |
| India | INR (₹) | ₹15,666 | ₹4,87,322 |
| International spot prices as of September 4, 2026 New York close. Currency conversions are indicative and vary by settlement date and dealer margin. | |||
The Federal Reserve’s next scheduled decision falls later this month. Futures markets on Thursday were pricing roughly a 30 percent probability of a rate cut — a lower implied probability than bond markets in London are assigning to a Bank of England reduction in the same period. A confirmed Fed pause would likely sustain the current dollar trajectory and, by extension, support gold prices through the remainder of the quarter. A hawkish surprise — stronger-than-expected payrolls or services inflation data — could push the dollar higher and trim gold’s dollar-denominated price. That asymmetry is what buyers and sellers are pricing around right now, and it is not one the gold market itself can resolve in advance.
| Silver Grade | Per Gram | Per Kg | Per Troy Oz |
|---|---|---|---|
| 999 Fine Silver | $1.05 | $1,050 | $32.65 |
| 925 Sterling Silver | $0.97 | $970 | $30.20 |
| 800 Grade Silver | $0.84 | $840 | $26.12 |
| Silver rates as of September 4, 2026 New York close. Indicative only; premiums vary by product and dealer. | |||
What is the gold price in the US today?
The Comex-referenced 24-karat gold spot price on September 5, 2026 is $142.86 per gram, or $4,444 per troy ounce. The 22-karat rate is $130.96 per gram and 18-karat stands at $107.15 per gram. These are indicative spot prices as of the September 4 New York close; dealer premiums for physical coin and bar products typically add 4 to 7 percent above spot.
Is gold a good investment in the US right now?
At $4,444 per troy ounce, gold is trading near a multi-month high in dollar terms. US investors evaluating exposure should consider the form: gold ETFs offer the lowest-cost access but carry management fees and counterparty structure; American Gold Eagle and American Buffalo bullion coins are IRA-eligible and deliver direct physical ownership but require secure storage. The current price reflects a consensus view that the Fed’s tightening cycle is near its end — a view that has not always proven durable.
Is there a sales tax on gold in the US?
The United States has no federal tax on gold purchases. State treatment varies significantly: Texas, Florida, and Montana exempt gold and silver bullion from sales tax entirely, while California and several other states apply standard rates. Gains on gold held as a capital asset are subject to federal capital gains tax at rates that depend on holding period and the taxpayer’s income bracket.
Why did gold rise today in the US?
Gold advanced on September 4 as the dollar softened against major currencies following US services sector data that came in below consensus expectations. A weaker dollar mechanically lifts the price of dollar-denominated commodities. Sustained central bank accumulation at the institutional level has provided a price floor, limiting the magnitude of any pullback during periods of dollar strength.
For gold rates across 38 Indian cities see the India gold rate report for September 5, 2026, and for sterling-denominated prices see the UK gold rate for September 5, 2026. The gold-to-silver ratio in dollar terms stands near 136:1, a historically elevated level that reflects silver’s greater industrial demand exposure relative to gold’s dominant store-of-value role.
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