Gold Price in 1996
In 1996, the price of gold averaged $388 per troy ounce, up 1.0% from the year before. This page covers the 1996 average, high, low, and year-end close, and what that gold would be worth in today's dollars.
1996 Average
$388
LBMA annual average, USD/oz
Change vs 1995
+1.0%
from $384 in 1995
1996 High
$420
from daily trading data
1996 Low
$368
from daily trading data
Year-End Close
$369
last trading day of 1996
Gold Price Chart, 1986 to 2006
Gold Price by Month in 1996
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 1996 | $400 | $410 | $388 |
| February 1996 | $407 | $420 | $398 |
| March 1996 | $397 | $402 | $392 |
| April 1996 | $395 | $401 | $392 |
| May 1996 | $393 | $398 | $390 |
| June 1996 | $387 | $394 | $382 |
| July 1996 | $385 | $393 | $382 |
| August 1996 | $393 | $396 | $390 |
| September 1996 | $386 | $392 | $380 |
| October 1996 | $383 | $387 | $379 |
| November 1996 | $379 | $386 | $373 |
| December 1996 | $371 | $376 | $368 |
What happened to the gold price in 1996
Gold averaged $388 per troy ounce in 1996, essentially unchanged from $384 in 1995. Daily trading data shows gold moved between a low of $368 and a high of $420 during the year, ending 1996 at $369.
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 1996 average of $388 equals about $797 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 1996?
What is a 1996 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.