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Gold Price in 2021

In 2021, the price of gold averaged $1,799 per troy ounce, up 1.6% from the year before. This page covers the 2021 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

2021 Average

$1,799

LBMA annual average, USD/oz

Change vs 2020

+1.6%

from $1,770 in 2020

2021 High

$1,959

from daily trading data

2021 Low

$1,677

from daily trading data

Year-End Close

$1,829

last trading day of 2021

What happened to the gold price in 2021

Gold averaged $1,799 per troy ounce in 2021, essentially unchanged from $1,770 in 2020. Daily trading data shows gold moved between a low of $1,677 and a high of $1,959 during the year, ending 2021 at $1,829. The notable development of 2021: Inflation surge begins.

The 2020s have been gold's strongest decade since the 1970s. Pandemic stimulus, the worst inflation in four decades, and record central bank buying produced a series of new all-time highs.

Adjusted for inflation, gold's 2021 average of $1,799 equals about $2,140 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 2021?
Gold averaged $1,799 per troy ounce in 2021, based on LBMA annual average data. Daily prices ranged from a low of $1,677 to a high of $1,959, and the year closed at $1,829. That average was up 1.6% from $1,770 in 2020.
What is a 2021 gold price worth in today's dollars?
Adjusted with the US Consumer Price Index, gold's 2021 average of $1,799 works out to roughly $2,140 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 2021?
The defining story of 2021: Inflation surge begins. Against that backdrop, the annual average climbed 1.6%, from $1,770 in 2020 to $1,799.

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.