Gold Price in 1994
Gold averaged $384.16 per troy ounce in 1994 ($12.35 per gram), trading between $370.25 and $397.50. Over the year it lost 3.2%, from $395.00 to $382.50.
Compared with the 1994 average, the latest close of $4,206.42 is higher by 995%.
Average
$384.16
Open
$395.00
High
$397.50
Low
$370.25
Average price per gram by karat in 1994
| Karat | Per gram | Per 10 g |
|---|---|---|
| 24k | $12.34 | $123.39 |
| 22k | $11.31 | $113.14 |
| 18k | $9.26 | $92.63 |
| 14k | $7.23 | $72.25 |
| 10k | $5.15 | $51.50 |
Frequently asked questions
What was the average gold price in 1994?
The average gold price in 1994 was $384.16 per troy ounce, or $12.35 per gram.
What was the highest gold price in 1994?
Gold reached a high of $397.50 per ounce in 1994, and a low of $370.25.
Did gold go up or down in 1994?
Gold fell 3.2% in 1994, from $395.00 to $382.50 per ounce.
How much was 1 gram of 24k gold in 1994?
On average $12.35 per gram of 24k gold, $11.31 for 22k and $7.23 for 14k.
Calculated from the daily historical series supplied by MetalflowAPI, in US dollars per troy ounce.