Gold Price in 1999

In 1999, the price of gold averaged $279 per troy ounce, down 5.1% from the year before. This page covers the 1999 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

1999 Average

$279

LBMA annual average, USD/oz

Change vs 1998

-5.1%

from $294 in 1998

1999 High

$339

from daily trading data

1999 Low

$252

from daily trading data

Year-End Close

$288

last trading day of 1999

What happened to the gold price in 1999

Gold averaged $279 per troy ounce in 1999, down 5.1% from $294 the year before. Daily trading data shows gold moved between a low of $252 and a high of $339 during the year, ending 1999 at $288. The notable development of 1999: Gold bottoms; dot-com peak.

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 1999 average of $279 equals about $540 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 1999?

Gold averaged $279 per troy ounce in 1999, based on LBMA annual average data. Daily prices ranged from a low of $252 to a high of $339, and the year closed at $288. That average was down 5.1% from $294 in 1998.

What is a 1999 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 1999 average of $279 works out to roughly $540 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.

What moved the gold price in 1999?

The defining story of 1999: Gold bottoms; dot-com peak. Against that backdrop, the annual average fell 5.1%, from $294 in 1998 to $279.

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.