Gold Price in 1971
Gold averaged $40.81 per troy ounce in 1971 ($1.31 per gram), trading between $37.33 and $43.90. Over the year it gained 16.8%, from $37.33 to $43.62.
Compared with the 1971 average, the latest close of $4,206.42 is higher by 10208%.
Average
$40.81
Open
$37.33
High
$43.90
Low
$37.33
Average price per gram by karat in 1971
| Karat | Per gram | Per 10 g |
|---|---|---|
| 24k | $1.31 | $13.11 |
| 22k | $1.20 | $12.02 |
| 18k | $0.98 | $9.84 |
| 14k | $0.77 | $7.68 |
| 10k | $0.55 | $5.47 |
Frequently asked questions
What was the average gold price in 1971?
The average gold price in 1971 was $40.81 per troy ounce, or $1.31 per gram.
What was the highest gold price in 1971?
Gold reached a high of $43.90 per ounce in 1971, and a low of $37.33.
Did gold go up or down in 1971?
Gold rose 16.8% in 1971, from $37.33 to $43.62 per ounce.
How much was 1 gram of 24k gold in 1971?
On average $1.31 per gram of 24k gold, $1.20 for 22k and $0.77 for 14k.
Calculated from the daily historical series supplied by MetalflowAPI, in US dollars per troy ounce.