Gold price history
Gold price in 1989
Gold averaged $381 an ounce in 1989. That was −12.7% on 1988.
Gold today: …
Month by month in 1989
| Month | Average price |
|---|---|
| January | $404 |
| February | $388 |
| March | $390 |
| April | $384 |
| May | $371 |
| June | $368 |
| July | $375 |
| August | $365 |
| September | $362 |
| October | $367 |
| November | $394 |
| December | $409 |
1989 on the long-run chart
The large dot is 1989. 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 1989?
Gold averaged about $381 an ounce in 1989. The highest month was December ($409) and the lowest was September ($362).
How much is gold now compared with 1989?
See the live figure at the top of this page. It compares today's price with the 1989 average of $381. Past prices don't tell you what gold will do next.
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