Gold Price in 1992

In 1992, the price of gold averaged $344 per troy ounce, down 5.0% from the year before. This page covers the 1992 average, high, low, and year-end close, and what that gold would be worth in today's dollars.

1992 Average

$344

LBMA annual average, USD/oz

Change vs 1991

-5.0%

from $362 in 1991

1992 High

$362

from daily trading data

1992 Low

$329

from daily trading data

Year-End Close

$333

last trading day of 1992

Gold Price Chart, 1982 to 2002

Annual average gold price per troy ounce, 1982 to 2002, with 1992 marked.

Gold Price by Month in 1992

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 1992	$355	$362	$349
February 1992	$355	$361	$349
March 1992	$345	$353	$336
April 1992	$340	$347	$335
May 1992	$338	$342	$335
June 1992	$343	$347	$338
July 1992	$354	$362	$344
August 1992	$345	$361	$335
September 1992	$348	$355	$340
October 1992	$345	$353	$337
November 1992	$335	$341	$329
December 1992	$335	$340	$332

What happened to the gold price in 1992

Gold averaged $344 per troy ounce in 1992, down 5.0% from $362 the year before. Daily trading data shows gold moved between a low of $329 and a high of $362 during the year, ending 1992 at $333.

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 1992 average of $344 equals about $790 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 1992?

Gold averaged $344 per troy ounce in 1992, based on LBMA annual average data. Daily prices ranged from a low of $329 to a high of $362, and the year closed at $333. That average was down 5.0% from $362 in 1991.

What is a 1992 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 1992 average of $344 works out to roughly $790 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.