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Gold Price in 2017

In 2017, the price of gold averaged $1,257 per troy ounce, up 0.5% from the year before. This page covers the 2017 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

2017 Average

$1,257

LBMA annual average, USD/oz

Change vs 2016

+0.5%

from $1,251 in 2016

2017 High

$1,358

from daily trading data

2017 Low

$1,146

from daily trading data

Year-End Close

$1,303

last trading day of 2017

What happened to the gold price in 2017

Gold averaged $1,257 per troy ounce in 2017, essentially unchanged from $1,251 in 2016. Daily trading data shows gold moved between a low of $1,146 and a high of $1,358 during the year, ending 2017 at $1,303.

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 2017 average of $1,257 equals about $1,653 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 2017?
Gold averaged $1,257 per troy ounce in 2017, based on LBMA annual average data. Daily prices ranged from a low of $1,146 to a high of $1,358, and the year closed at $1,303. That average was up 0.5% from $1,251 in 2016.
What is a 2017 gold price worth in today's dollars?
Adjusted with the US Consumer Price Index, gold's 2017 average of $1,257 works out to roughly $1,653 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.