Gold price history
Gold price in 1999
Gold averaged $279 an ounce in 1999. That was −5.2% on 1998.
Gold today: …
What happened in 1999
Gold sank to about $250, its lowest in 20 years. The UK sold about half its gold reserves between 1999 and 2002.
Month by month in 1999
| Month | Average price |
|---|---|
| January | $287 |
| February | $287 |
| March | $286 |
| April | $283 |
| May | $276 |
| June | $261 |
| July | $256 |
| August | $257 |
| September | $265 |
| October | $311 |
| November | $293 |
| December | $283 |
1999 on the long-run chart
The large dot is 1999. 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 1999?
Gold averaged about $279 an ounce in 1999. The highest month was October ($311) and the lowest was July ($256).
How much is gold now compared with 1999?
See the live figure at the top of this page. It compares today's price with the 1999 average of $279. Past prices don't tell you what gold will do next.
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