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Gold Price History · By Year

The Gold Price, Year by Year

Every year from 1900 to 2025 — the annual average, its value in today's money, and the story behind the number.

1900s

1900 $21 +0% The Gold Standard Act 1901 $21 +0% 1902 $21 +0% 1903 $21 +0% 1904 $21 +0% 1905 $21 +0% 1906 $21 +0% 1907 $21 +0% The Panic of 1907 1908 $21 +0% 1909 $21 +0%

1910s

1910 $21 +0% 1911 $21 +0% 1912 $21 +0% 1913 $21 +0% 1914 $21 +0% The Standard Suspends 1915 $21 +0% War Gold Flows West 1916 $21 +0% 1917 $21 +0% 1918 $21 +0% 1919 $21 +0%

1920s

1920 $21 +0% The Forgotten Depression 1921 $21 +0% 1922 $21 +0% 1923 $21 +0% 1924 $21 +0% 1925 $21 +0% Churchill’s Return to Gold 1926 $21 +0% 1927 $21 +0% 1928 $21 +0% 1929 $21 +0% The Crash

1930s

1930 $21 +0% 1931 $21 +0% Britain Leaves Gold 1932 $21 +0% The Depression’s Depths 1933 $21 +0% The Year Gold Was Confiscated 1934 $35 +69% The $35 Dollar 1935 $35 +0% 1936 $35 +0% 1937 $35 +0% 1938 $35 +0% 1939 $35 +0% The World at War Again

1940s

1940 $35 +0% 1941 $35 +0% 1942 $35 +0% 1943 $35 +0% 1944 $35 +0% Bretton Woods: The Last Gold Standard 1945 $35 +0% The Dollar’s World 1946 $35 +0% 1947 $35 +0% 1948 $35 +0% 1949 $35 +0% The Great Devaluation

1950s

1950 $35 −1% The Korean Boom 1951 $35 +0% 1952 $35 +0% 1953 $35 +0% 1954 $35 +1% 1955 $35 +0% 1956 $35 −0% 1957 $35 −0% 1958 $35 +0% 1959 $35 −0%

1960s

1960 $35 +1% 1961 $35 −0% 1962 $35 −0% 1963 $35 −0% 1964 $35 +0% 1965 $35 +0% 1966 $35 +0% 1967 $35 +0% 1968 $39 +10% The Cracks Appear 1969 $41 +6%

1970s

1970 $36 −13% The Last Year of $35 1971 $41 +14% The Year Gold Broke Free 1972 $58 +43% The Float Takes Hold 1973 $97 +67% The Float Begins in Earnest 1974 $159 +64% Americans Can Own Gold Again 1975 $161 +1% The Mid-Decade Pause 1976 $125 −22% The Bull Market’s Low 1977 $148 +18% 1978 $193 +31% The Dollar Crisis 1979 $307 +59% The Fever Year

1980s

1980 $613 +100% The Year Gold Peaked 1981 $460 −25% The Descent Begins 1982 $376 −18% The First Bottom 1983 $424 +13% A Brief Recovery 1984 $360 −15% 1985 $317 −12% The Plaza Accord 1986 $368 +16% The Eagle Takes Flight 1987 $446 +21% Black Monday 1988 $437 −2% 1989 $381 −13%

1990s

1990 $383 +1% The Gulf War Spike 1991 $362 −6% 1992 $344 −5% 1993 $360 +5% A Flicker of Life 1994 $384 +7% 1995 $384 +0% 1996 $388 +1% 1997 $331 −15% The Asian Crisis 1998 $294 −11% 1999 $279 −5% The Bottom

2000s

2000 $279 +0% The Bottom of the Cycle 2001 $271 −3% A New Bull Begins 2002 $310 +14% The Bull Confirms 2003 $363 +17% 2004 $409 +13% 2005 $444 +9% The Climb Steepens 2006 $604 +36% A Breakout Year 2007 $695 +15% 2008 $872 +25% The Year Central Banks Came Back 2009 $972 +12% The Recovery Rally

2010s

2010 $1,225 +26% The Euro Crisis 2011 $1,572 +28% The 2011 Peak 2012 $1,669 +6% The Last Up-Year 2013 $1,411 −15% The Great Correction 2014 $1,266 −10% 2015 $1,160 −8% The Bottom of the Correction 2016 $1,251 +8% The Turn 2017 $1,257 +1% 2018 $1,269 +1% The Trade-War Year 2019 $1,393 +10% The Breakout

2020s

2020 $1,772 +27% The Pandemic Record 2021 $1,799 +2% 2022 $1,801 +0% Reserves Weaponized 2023 $1,941 +8% The Central-Bank Bid 2024 $2,409 +24% The Records Resume 2025 $3,448 +43% Above the 1980 High, At Last

Prices are annual averages in US dollars, inflation-adjusted with US CPI. See the full eight-century sweep on the ribbon, or run any year through the calculator.

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