Gold price history
Gold price in 1978
Gold averaged $193 an ounce in 1978. That was +30.8% on 1977.
Gold today: …
Month by month in 1978
| Month | Average price |
|---|---|
| January | $173 |
| February | $178 |
| March | $184 |
| April | $175 |
| May | $176 |
| June | $184 |
| July | $189 |
| August | $206 |
| September | $212 |
| October | $227 |
| November | $206 |
| December | $208 |
1978 on the long-run chart
The large dot is 1978. Yearly averages, log scale.
Yearly and monthly figures are averages of daily prices, in US dollars per troy ounce. Source: World Bank Commodity Markets (Pink Sheet), CC BY 4.0, via the open gold-prices dataset. Daily highs and lows were higher and lower than the monthly averages. Latest month in the data: September 2026.
Questions people ask
What was the price of gold in 1978?
Gold averaged about $193 an ounce in 1978. The highest month was October ($227) and the lowest was January ($173).
How much is gold now compared with 1978?
See the live figure at the top of this page. It compares today's price with the 1978 average of $193. Past prices don't tell you what gold will do next.
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