Gold Price in 1978
Gold averaged $193.57 per troy ounce in 1978 ($6.22 per gram), trading between $166.30 and $243.65. Over the year it gained 33.2%, from $168.60 to $224.50.
Compared with the 1978 average, the latest close of $4,206.42 is higher by 2073%.
Average
$193.57
Open
$168.60
High
$243.65
Low
$166.30
Average price per gram by karat in 1978
| Karat | Per gram | Per 10 g |
|---|---|---|
| 24k | $6.22 | $62.17 |
| 22k | $5.70 | $57.01 |
| 18k | $4.67 | $46.68 |
| 14k | $3.64 | $36.41 |
| 10k | $2.60 | $25.95 |
Frequently asked questions
What was the average gold price in 1978?
The average gold price in 1978 was $193.57 per troy ounce, or $6.22 per gram.
What was the highest gold price in 1978?
Gold reached a high of $243.65 per ounce in 1978, and a low of $166.30.
Did gold go up or down in 1978?
Gold rose 33.2% in 1978, from $168.60 to $224.50 per ounce.
How much was 1 gram of 24k gold in 1978?
On average $6.22 per gram of 24k gold, $5.70 for 22k and $3.64 for 14k.
Calculated from the daily historical series supplied by MetalflowAPI, in US dollars per troy ounce.