Gold price history
Gold price in 1988
Gold averaged $437 an ounce in 1988. That was −2.1% on 1987.
Gold today: …
Month by month in 1988
| Month | Average price |
|---|---|
| January | $477 |
| February | $442 |
| March | $444 |
| April | $452 |
| May | $451 |
| June | $451 |
| July | $438 |
| August | $431 |
| September | $413 |
| October | $407 |
| November | $420 |
| December | $419 |
1988 on the long-run chart
The large dot is 1988. 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 1988?
Gold averaged about $437 an ounce in 1988. The highest month was January ($477) and the lowest was October ($407).
How much is gold now compared with 1988?
See the live figure at the top of this page. It compares today's price with the 1988 average of $437. Past prices don't tell you what gold will do next.
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