Gold price history
Gold price in 1998
Gold averaged $294 an ounce in 1998. That was −11.2% on 1997.
Gold today: …
Month by month in 1998
| Month | Average price |
|---|---|
| January | $289 |
| February | $297 |
| March | $296 |
| April | $308 |
| May | $299 |
| June | $292 |
| July | $293 |
| August | $284 |
| September | $289 |
| October | $296 |
| November | $294 |
| December | $292 |
1998 on the long-run chart
The large dot is 1998. 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 1998?
Gold averaged about $294 an ounce in 1998. The highest month was April ($308) and the lowest was August ($284).
How much is gold now compared with 1998?
See the live figure at the top of this page. It compares today's price with the 1998 average of $294. Past prices don't tell you what gold will do next.
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