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Gold Price in 2022

In 2022, the price of gold averaged $1,800 per troy ounce, up 0.1% from the year before. This page covers the 2022 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

2022 Average

$1,800

LBMA annual average, USD/oz

Change vs 2021

+0.1%

from $1,799 in 2021

2022 High

$2,071

from daily trading data

2022 Low

$1,615

from daily trading data

Year-End Close

$1,824

last trading day of 2022

What happened to the gold price in 2022

Gold averaged $1,800 per troy ounce in 2022, essentially unchanged from $1,799 in 2021. Daily trading data shows gold moved between a low of $1,615 and a high of $2,071 during the year, ending 2022 at $1,824. The notable development of 2022: Russia-Ukraine war; aggressive Fed hikes.

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 2022 average of $1,800 equals about $1,982 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 2022?
Gold averaged $1,800 per troy ounce in 2022, based on LBMA annual average data. Daily prices ranged from a low of $1,615 to a high of $2,071, and the year closed at $1,824. That average was up 0.1% from $1,799 in 2021.
What is a 2022 gold price worth in today's dollars?
Adjusted with the US Consumer Price Index, gold's 2022 average of $1,800 works out to roughly $1,982 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 2022?
The defining story of 2022: Russia-Ukraine war; aggressive Fed hikes. Against that backdrop, the annual average climbed 0.1%, from $1,799 in 2021 to $1,800.

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.