Gold rate today, April 29 -- Gold prices have remained volatile since the beginning of US-Iran war. The precious metal has fallen over 16% since the onset of tensions in the Middle East.

Gold surged to $5,400-per-ounce mark on March 2, 2026, driven by escalating US-Israel strikes on Iran and the effective shutdown of the Strait of Hormuz. From that peak, prices tumbled sharply to around $4,099 within the same month-marking a steep correction of roughly 24% in just a few weeks. Since then, gold has recovered, rebounding to the $4,600 range.

On Wednesday, spot gold declined 0.4% to $4,574.26 per ounce, after touching its lowest level since April 2 in the previous session. Meanwhile, US gold futures for June delivery also slipped 0.4% to $...