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Gold Price in 2010

In 2010, the price of gold averaged $1,225 per troy ounce, up 26.0% from the year before. This page covers the 2010 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

2010 Average

$1,225

LBMA annual average, USD/oz

Change vs 2009

+26.0%

from $972 in 2009

2010 High

$1,431

from daily trading data

2010 Low

$1,044

from daily trading data

Year-End Close

$1,421

last trading day of 2010

What happened to the gold price in 2010

Gold averaged $1,225 per troy ounce in 2010, climbing 26.0% from the $972 average of 2009. Daily trading data shows gold moved between a low of $1,044 and a high of $1,431 during the year, ending 2010 at $1,421. The notable development of 2010: European sovereign debt crisis.

The 2010s split into two very different halves. Quantitative easing and the European debt crisis drove gold to $1,921 in September 2011, then a multi-year correction set in as the Fed tapered and raised rates, before rate cuts and trade tensions revived the metal late in the decade.

Adjusted for inflation, gold's 2010 average of $1,225 equals about $1,810 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 2010?
Gold averaged $1,225 per troy ounce in 2010, based on LBMA annual average data. Daily prices ranged from a low of $1,044 to a high of $1,431, and the year closed at $1,421. That average was up 26.0% from $972 in 2009.
What is a 2010 gold price worth in today's dollars?
Adjusted with the US Consumer Price Index, gold's 2010 average of $1,225 works out to roughly $1,810 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 2010?
The defining story of 2010: European sovereign debt crisis. Against that backdrop, the annual average climbed 26.0%, from $972 in 2009 to $1,225.

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.