What is the historical gold price?
Gold served as one of the most important cash standards in history. It is measured in Troja ounces and the price of gold is usually given in terms of cost of one Trojan ounce. One ounce corresponds to 31.1 grams or 0.07 pounds.
The United States usually determines the historical price of gold. One ounce of gold was set at an estimated $ 20.67 USD (USD) for many decades until 1934, when the price was raised to about $ 35 per ounce. In 1968 a two -stage price structure was established and in 1975 the price of gold was allowed to fluctuate. Since the beginning of 2000, however, the price increased again and set new records in 2011 because the price hit more than $ 1,800.
| Year | 1 410$ | $ 513 | $ 272 | $ 386 | $ 424 | $ 354 | 615 $ | $ 151 | $ 38 | $ 36 | $ 37 | $ 35 | 40 $ | $ 37 |
| 1940 | $ 35 | $ 35 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | 23 $ | 23 $ | $ 30 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 19 | $ 19 | $ 19 | $ 22 | $ 22 | $ 19 | $ 19 | $ 19 |