Gold Price in 1977
In 1977, the price of gold averaged $148 per troy ounce, up 18.4% from the year before. This page covers the 1977 average, high, low, and year-end close, and what that gold would be worth in today's dollars.
1977 Average
$148
LBMA annual average, USD/oz
Change vs 1976
+18.4%
from $125 in 1976
1977 High
$170
from daily trading data
1977 Low
$128
from daily trading data
Year-End Close
$168
last trading day of 1977
Gold Price Chart, 1970 to 1990
Gold Price by Month in 1977
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 1977 | $133 | $138 | $128 |
| February 1977 | $138 | $145 | $133 |
| March 1977 | $149 | $155 | $142 |
| April 1977 | $150 | $155 | $145 |
| May 1977 | $147 | $150 | $142 |
| June 1977 | $142 | $146 | $138 |
| July 1977 | $144 | $147 | $141 |
| August 1977 | $148 | $150 | $144 |
| September 1977 | $152 | $157 | $147 |
| October 1977 | $161 | $167 | $155 |
| November 1977 | $163 | $170 | $155 |
| December 1977 | $162 | $168 | $157 |
What happened to the gold price in 1977
Gold averaged $148 per troy ounce in 1977, climbing 18.4% from the $125 average of 1976. Daily trading data shows gold moved between a low of $128 and a high of $170 during the year, ending 1977 at $168.
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 1977 average of $148 equals about $787 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 1977?
What is a 1977 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.