Gold Price in 1987
Gold averaged $446.84 per troy ounce in 1987 ($14.37 per gram), trading between $392.60 and $502.75. Over the year it gained 20.9%, from $402.40 to $486.50.
Compared with the 1987 average, the latest close of $4,206.42 is higher by 841%.
Average
$446.84
Open
$402.40
High
$502.75
Low
$392.60
Average price per gram by karat in 1987
| Karat | Per gram | Per 10 g |
|---|---|---|
| 24k | $14.35 | $143.52 |
| 22k | $13.16 | $131.59 |
| 18k | $10.77 | $107.75 |
| 14k | $8.40 | $84.04 |
| 10k | $5.99 | $59.91 |
Frequently asked questions
What was the average gold price in 1987?
The average gold price in 1987 was $446.84 per troy ounce, or $14.37 per gram.
What was the highest gold price in 1987?
Gold reached a high of $502.75 per ounce in 1987, and a low of $392.60.
Did gold go up or down in 1987?
Gold rose 20.9% in 1987, from $402.40 to $486.50 per ounce.
How much was 1 gram of 24k gold in 1987?
On average $14.37 per gram of 24k gold, $13.16 for 22k and $8.40 for 14k.
Calculated from the daily historical series supplied by MetalflowAPI, in US dollars per troy ounce.