The demand for nanocomposites (NCs) of graphene and magnetite materials decorated with gold nanoparticles is increasing on account of their applications in science and technology. First, graphene oxide (GO) was prepared using the pulsed laser ablation technique in liquid (PLAL) and then loaded with magnetite (Fe₃O₄) that was prepared by the same technique to form Fe₃O₄/GO nanocomposite (NCs). The Au/Fe₃O₄ NCs were also synthesized and added by volume ratio to the GO solution to form Au/Fe₃O₄/GO NCs. We investigated the functional groups in the three samples using Fourier transform infrared spectroscopy (FTIR). We measured the optical absorption spectra of the samples using UV-visible light. From these optical spectra, we calculated the optical conductivity (σ), absorption coefficient (α), and other related optical properties. We improved the optical absorption and other optical parameters while decreasing the band gap (Eg) from 4.1 eV to 3 eV for the three samples. These materials are suitable for photonic applications, drug delivery applications, and water treatment applications.