Gold Price in 1998
Gold averaged $294.12 per troy ounce in 1998 ($9.46 per gram), trading between $273.40 and $314.60. Over the year it lost 0.1%, from $287.70 to $287.45.
Compared with the 1998 average, the latest close of $4,206.42 is higher by 1330%.
Average
$294.12
Open
$287.70
High
$314.60
Low
$273.40
Average price per gram by karat in 1998
| Karat | Per gram | Per 10 g |
|---|---|---|
| 24k | $9.45 | $94.47 |
| 22k | $8.66 | $86.62 |
| 18k | $7.09 | $70.92 |
| 14k | $5.53 | $55.32 |
| 10k | $3.94 | $39.43 |
Frequently asked questions
What was the average gold price in 1998?
The average gold price in 1998 was $294.12 per troy ounce, or $9.46 per gram.
What was the highest gold price in 1998?
Gold reached a high of $314.60 per ounce in 1998, and a low of $273.40.
Did gold go up or down in 1998?
Gold fell 0.1% in 1998, from $287.70 to $287.45 per ounce.
How much was 1 gram of 24k gold in 1998?
On average $9.46 per gram of 24k gold, $8.66 for 22k and $5.53 for 14k.
Calculated from the daily historical series supplied by MetalflowAPI, in US dollars per troy ounce.