Gold Price in 1975
In 1975, the price of gold averaged $161 per troy ounce, up 1.3% from the year before. This page covers the 1975 average, high, low, and year-end close, and what that gold would be worth in today's dollars.
1975 Average
$161
LBMA annual average, USD/oz
Change vs 1974
+1.3%
from $159 in 1974
1975 High
$189
from daily trading data
1975 Low
$129
from daily trading data
Year-End Close
$141
last trading day of 1975
Gold Price Chart, 1970 to 1990
Gold Price by Month in 1975
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 1975 | $177 | $185 | $168 |
| February 1975 | $182 | $189 | $171 |
| March 1975 | $178 | $188 | $175 |
| April 1975 | $170 | $180 | $162 |
| May 1975 | $168 | $177 | $163 |
| June 1975 | $166 | $175 | $160 |
| July 1975 | $167 | $175 | $161 |
| August 1975 | $167 | $174 | $160 |
| September 1975 | $145 | $156 | $129 |
| October 1975 | $144 | $148 | $139 |
| November 1975 | $142 | $149 | $137 |
| December 1975 | $140 | $148 | $137 |
What happened to the gold price in 1975
Gold averaged $161 per troy ounce in 1975, essentially unchanged from $159 in 1974. Daily trading data shows gold moved between a low of $129 and a high of $189 during the year, ending 1975 at $141.
The 1970s were gold's first decade of free trading. After President Nixon ended the dollar's convertibility to gold in August 1971, runaway inflation, two oil shocks, and Cold War tensions carried the metal from $35 toward its January 1980 peak of $850 per ounce.
Adjusted for inflation, gold's 1975 average of $161 equals about $965 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of gold in 1975?
What is a 1975 gold price worth in today's dollars?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.