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, the events that moved the market, 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
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?
What is a 1992 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.