Gold Price in 1988
Gold averaged $436.78 per troy ounce in 1988 ($14.04 per gram), trading between $389.05 and $485.30. Over the year it lost 15.3%, from $484.10 to $410.15.
Compared with the 1988 average, the latest close of $4,206.42 is higher by 863%.
Average
$436.78
Open
$484.10
High
$485.30
Low
$389.05
Average price per gram by karat in 1988
| Karat | Per gram | Per 10 g |
|---|---|---|
| 24k | $14.03 | $140.29 |
| 22k | $12.86 | $128.63 |
| 18k | $10.53 | $105.32 |
| 14k | $8.22 | $82.15 |
| 10k | $5.86 | $58.56 |
Frequently asked questions
What was the average gold price in 1988?
The average gold price in 1988 was $436.78 per troy ounce, or $14.04 per gram.
What was the highest gold price in 1988?
Gold reached a high of $485.30 per ounce in 1988, and a low of $389.05.
Did gold go up or down in 1988?
Gold fell 15.3% in 1988, from $484.10 to $410.15 per ounce.
How much was 1 gram of 24k gold in 1988?
On average $14.04 per gram of 24k gold, $12.86 for 22k and $8.22 for 14k.
Calculated from the daily historical series supplied by MetalflowAPI, in US dollars per troy ounce.