In 1960, gold averaged $35 an ounce — about $383 in today's money. That was up 0.5% on the year in nominal terms (−1.0% after inflation). Under the Bretton Woods system the price was fixed by treaty at $35 an ounce, so the nominal figure held steady — but inflation quietly eroded gold’s real value year after year.
To see 1960 in the full sweep of the gold price, explore the 768-year ribbon, or find out what a 1960 gold investment would be worth today on the gold calculator.