Gold Price in 1991

In 1991, the price of gold averaged $362 per troy ounce, down 5.5% from the year before. This page covers the 1991 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

1991 Average

$362

LBMA annual average, USD/oz

Change vs 1990

-5.5%

from $383 in 1990

1991 High

$407

from daily trading data

1991 Low

$346

from daily trading data

Year-End Close

$354

last trading day of 1991

What happened to the gold price in 1991

Gold averaged $362 per troy ounce in 1991, down 5.5% from $383 the year before. Daily trading data shows gold moved between a low of $346 and a high of $407 during the year, ending 1991 at $354.

The 1990s extended gold's long bear market. Low inflation, a roaring stock market, and steady central bank selling kept the metal drifting lower for most of the decade, and by 1999 gold had bottomed near $255 per ounce.

Adjusted for inflation, gold's 1991 average of $362 equals about $857 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 1991?

Gold averaged $362 per troy ounce in 1991, based on LBMA annual average data. Daily prices ranged from a low of $346 to a high of $407, and the year closed at $354. That average was down 5.5% from $383 in 1990.

What is a 1991 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 1991 average of $362 works out to roughly $857 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

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.