Gold and Silver Price History
The average price of gold and silver for every year since 1900, in the dollars of the day and in today’s dollars.
Today’s dollars adjust each year’s average to September 2026 prices with the consumer price index.
Gold since 1900, in dollars of the day
Notable highs
| High | Price then | Today’s dollars |
|---|---|---|
| Record monthFebruary 2026 | $5,020 | $5,176 |
| Best full year2025 | $3,442 | $3,602 |
| 2011 peakSeptember 2011 | $1,772 | $2,632 |
| 1980 peakJanuary 1980 | $675 | $2,925 |
| 1980 daily high21 January 1980 | $850 | $3,681 |
After inflation, the February 2026 average is also the highest month since 1960 in today’s dollars: 77% above the January 1980 peak and 97% above September 2011. The $850 daily high of 21 January 1980 comes to about $3,681 in today’s dollars.
| High | Price then | Today’s dollars |
|---|---|---|
| Record monthJanuary 2026 | $92.10 | $95.41 |
| Best full year2025 | $39.80 | $41.66 |
| 2011 peakApril 2011 | $42.70 | $63.96 |
| 1980 peakJanuary 1980 | $38.88 | $168.36 |
In dollars of the day, January 2026 set the record. After inflation, the January 1980 average of $38.88 is still the highest month since 1960, worth $168.36 in today’s dollars. January 2026 came to $95.41, 43% below it.
Every year since 1900
| Year | Average | Today’s dollars | On the year |
|---|---|---|---|
| 2026* | $4,552 | $4,619 | +32% |
| 2025 | $3,442 | $3,602 | +44% |
| 2024 | $2,388 | $2,565 | +23% |
| 2023 | $1,943 | $2,148 | +7.9% |
| 2022 | $1,801 | $2,073 | +0.1% |
| 2021 | $1,800 | $2,238 | +1.7% |
| 2020 | $1,770 | $2,305 | +27% |
| 2019 | $1,392 | $1,835 | +9.7% |
| 2018 | $1,269 | $1,703 | +0.9% |
| 2017 | $1,258 | $1,729 | +0.7% |
| 2016 | $1,249 | $1,753 | +7.6% |
| 2015 | $1,161 | $1,650 | −8.3% |
| 2014 | $1,266 | $1,801 | −10% |
| 2013 | $1,411 | $2,041 | −15% |
| 2012 | $1,670 | $2,450 | +6.4% |
| 2011 | $1,569 | $2,351 | +28% |
| 2010 | $1,225 | $1,892 | +26% |
| 2009 | $973 | $1,528 | +12% |
| 2008 | $872 | $1,364 | +25% |
| 2007 | $697 | $1,132 | +15% |
| 2006 | $604 | $1,010 | +36% |
| 2005 | $445 | $767 | +8.7% |
| 2004 | $409 | $730 | +13% |
| 2003 | $364 | $666 | +17% |
| 2002 | $310 | $581 | +14% |
| 2001 | $271 | $516 | −2.9% |
| 2000 | $279 | $546 | +0.1% |
| 1999 | $279 | $564 | −5.2% |
| 1998 | $294 | $608 | −11% |
| 1997 | $331 | $695 | −15% |
| 1996 | $388 | $833 | +0.9% |
| 1995 | $384 | $849 | +0.0% |
| 1994 | $384 | $873 | +6.7% |
| 1993 | $360 | $839 | +4.7% |
| 1992 | $344 | $825 | −5.1% |
| 1991 | $362 | $896 | −5.6% |
| 1990 | $383 | $989 | +0.5% |
| 1989 | $381 | $1,037 | −13% |
| 1988 | $437 | $1,245 | −2.1% |
| 1987 | $446 | $1,324 | +21% |
| 1986 | $368 | $1,130 | +16% |
| 1985 | $318 | $996 | −12% |
| 1984 | $360 | $1,169 | −15% |
| 1983 | $423 | $1,429 | +12% |
| 1982 | $376 | $1,312 | −18% |
| 1981 | $460 | $1,704 | −24% |
| 1980 | $608 | $2,485 | +98% |
| 1979 | $307 | $1,424 | +59% |
| 1978 | $193 | $998 | +31% |
| 1977 | $148 | $821 | +18% |
| 1976 | $125 | $739 | −22% |
| 1975 | $161 | $1,008 | +1.1% |
| 1974 | $159 | $1,088 | +64% |
| 1973 | $97.33 | $739 | +67% |
| 1972 | $58.16 | $469 | +43% |
| 1971 | $40.80 | $340 | +14% |
| 1970 | $35.94 | $312 | −13% |
| 1969 | $41.08 | $377 | +5.5% |
| 1968 | $38.92 | $377 | +11% |
| 1967 | $34.95 | $353 | −0.5% |
| 1966 | $35.13 | $365 | +0.0% |
| 1965 | $35.12 | $376 | +0.1% |
| 1964 | $35.10 | $381 | +0.0% |
| 1963 | $35.09 | $386 | −0.4% |
| 1962 | $35.23 | $392 | −0.1% |
| 1961 | $35.25 | $397 | −0.1% |
| 1960 | $35.27 | $402 | +0.8% |
| 1959 | $35.00 | $405 | +0.0% |
| 1958 | $35.00 | $409 | +0.0% |
| 1957 | $35.00 | $420 | +0.0% |
| 1956 | $35.00 | $434 | +0.0% |
| 1955 | $35.00 | $440 | +0.0% |
| 1954 | $35.00 | $439 | +0.0% |
| 1953 | $35.00 | $441 | +0.0% |
| 1952 | $35.00 | $444 | +0.0% |
| 1951 | $35.00 | $454 | +0.0% |
| 1950 | $35.00 | $490 | +0.0% |
| 1949 | $35.00 | $495 | +0.0% |
| 1948 | $35.00 | $491 | +0.0% |
| 1947 | $35.00 | $528 | +0.0% |
| 1946 | $35.00 | $604 | +0.0% |
| 1945 | $35.00 | $655 | +0.0% |
| 1944 | $35.00 | $670 | +0.0% |
| 1943 | $35.00 | $681 | +0.0% |
| 1942 | $35.00 | $722 | +0.0% |
| 1941 | $35.00 | $801 | +0.0% |
| 1940 | $35.00 | $842 | +0.0% |
| 1939 | $35.00 | $848 | +0.0% |
| 1938 | $35.00 | $837 | +0.0% |
| 1937 | $35.00 | $820 | +0.0% |
| 1936 | $35.00 | $850 | +0.0% |
| 1935 | $35.00 | $859 | +0.1% |
| 1934 | $34.95 | $880 | +37% |
| 1933 | $25.56 | $666 | +24% |
| 1932 | $20.67 | $511 | +0.0% |
| 1931 | $20.67 | $458 | +0.0% |
| 1930 | $20.67 | $417 | +0.0% |
| 1929 | $20.67 | $406 | +0.0% |
| 1928 | $20.67 | $406 | +0.0% |
| 1927 | $20.67 | $401 | +0.0% |
| 1926 | $20.67 | $393 | +0.0% |
| 1925 | $20.67 | $397 | +0.0% |
| 1924 | $20.67 | $407 | +0.0% |
| 1923 | $20.67 | $408 | +0.0% |
| 1922 | $20.67 | $416 | +0.0% |
| 1921 | $20.67 | $390 | +0.0% |
| 1920 | $20.67 | $347 | +0.0% |
| 1919 | $20.67 | $402 | +0.0% |
| 1918 | $20.67 | $463 | +0.0% |
| 1917 | $20.67 | $543 | +0.0% |
| 1916 | $20.67 | $640 | +0.0% |
| 1915 | $20.67 | $689 | +0.0% |
| 1914 | $20.67 | $695 | +0.0% |
| 1913 | $20.67 | $705 | +0.0% |
| 1912 | $20.67 | $722 | +0.0% |
| 1911 | $20.67 | $747 | +0.0% |
| 1910 | $20.67 | $747 | +0.0% |
| 1909 | $20.67 | $775 | +0.0% |
| 1908 | $20.67 | $775 | +0.0% |
| 1907 | $20.67 | $747 | +0.0% |
| 1906 | $20.67 | $775 | +0.0% |
| 1905 | $20.67 | $775 | +0.0% |
| 1904 | $20.67 | $775 | +0.0% |
| 1903 | $20.67 | $775 | +0.0% |
| 1902 | $20.67 | $805 | +0.0% |
| 1901 | $20.67 | $837 | +0.0% |
| 1900 | $20.67 | $837 |
| Year | Average | Today’s dollars | On the year |
|---|---|---|---|
| 2026* | $73.48 | $74.62 | +85% |
| 2025 | $39.80 | $41.66 | +41% |
| 2024 | $28.27 | $30.36 | +21% |
| 2023 | $23.40 | $25.87 | +7.4% |
| 2022 | $21.79 | $25.09 | −13% |
| 2021 | $25.16 | $31.29 | +23% |
| 2020 | $20.54 | $26.74 | +27% |
| 2019 | $16.22 | $21.37 | +3.2% |
| 2018 | $15.71 | $21.08 | −7.9% |
| 2017 | $17.07 | $23.46 | −0.5% |
| 2016 | $17.15 | $24.07 | +9.1% |
| 2015 | $15.72 | $22.35 | −18% |
| 2014 | $19.07 | $27.14 | −20% |
| 2013 | $23.85 | $34.50 | −23% |
| 2012 | $31.14 | $45.70 | −12% |
| 2011 | $35.22 | $52.76 | +75% |
| 2010 | $20.15 | $31.14 | +38% |
| 2009 | $14.64 | $23.00 | −2.4% |
| 2008 | $15.00 | $23.47 | +12% |
| 2007 | $13.39 | $21.76 | +16% |
| 2006 | $11.56 | $19.32 | +58% |
| 2005 | $7.31 | $12.61 | +9.8% |
| 2004 | $6.66 | $11.88 | +37% |
| 2003 | $4.88 | $8.93 | +6.0% |
| 2002 | $4.60 | $8.62 | +5.1% |
| 2001 | $4.38 | $8.33 | −12% |
| 2000 | $4.95 | $9.69 | −5.0% |
| 1999 | $5.22 | $10.55 | −6.0% |
| 1998 | $5.55 | $11.47 | +13% |
| 1997 | $4.91 | $10.30 | −5.7% |
| 1996 | $5.20 | $11.17 | +0.0% |
| 1995 | $5.20 | $11.50 | −1.6% |
| 1994 | $5.28 | $12.01 | +23% |
| 1993 | $4.31 | $10.05 | +9.2% |
| 1992 | $3.95 | $9.48 | −2.6% |
| 1991 | $4.05 | $10.02 | −16% |
| 1990 | $4.83 | $12.46 | −12% |
| 1989 | $5.51 | $14.97 | −16% |
| 1988 | $6.53 | $18.61 | −6.8% |
| 1987 | $7.01 | $20.79 | +29% |
| 1986 | $5.44 | $16.72 | −11% |
| 1985 | $6.12 | $19.16 | −25% |
| 1984 | $8.14 | $26.41 | −29% |
| 1983 | $11.43 | $38.65 | +44% |
| 1982 | $7.93 | $27.69 | −25% |
| 1981 | $10.52 | $39.00 | −49% |
| 1980 | $20.80 | $85.06 | +87% |
| 1979 | $11.10 | $51.53 | +105% |
| 1978 | $5.42 | $27.99 | +17% |
| 1977 | $4.64 | $25.77 | +6.4% |
| 1976 | $4.36 | $25.79 | −1.4% |
| 1975 | $4.42 | $27.66 | −6.1% |
| 1974 | $4.71 | $32.17 | +84% |
| 1973 | $2.56 | $19.41 | +52% |
| 1972 | $1.68 | $13.57 | +9.0% |
| 1971 | $1.55 | $12.86 | −13% |
| 1970 | $1.77 | $15.37 | −1.1% |
| 1969 | $1.79 | $16.45 | −17% |
| 1968 | $2.14 | $20.77 | +38% |
| 1967 | $1.55 | $15.65 | +20% |
| 1966 | $1.29 | $13.42 | +0.0% |
| 1965 | $1.29 | $13.83 | +0.0% |
| 1964 | $1.29 | $14.05 | +1.1% |
| 1963 | $1.28 | $14.07 | +18% |
| 1962 | $1.08 | $12.07 | +17% |
| 1961 | $0.92 | $10.42 | +1.2% |
| 1960 | $0.91 | $10.41 | +0.4% |
| 1959 | $0.91 | $10.52 | +2.2% |
| 1958 | $0.89 | $10.39 | −2.2% |
| 1957 | $0.91 | $10.91 | +0.0% |
| 1956 | $0.91 | $11.28 | +2.2% |
| 1955 | $0.89 | $11.20 | +4.7% |
| 1954 | $0.85 | $10.67 | +0.0% |
| 1953 | $0.85 | $10.70 | +0.0% |
| 1952 | $0.85 | $10.79 | −4.5% |
| 1951 | $0.89 | $11.55 | +20% |
| 1950 | $0.74 | $10.36 | +2.8% |
| 1949 | $0.72 | $10.19 | −2.7% |
| 1948 | $0.74 | $10.37 | +2.8% |
| 1947 | $0.72 | $10.87 | −10% |
| 1946 | $0.80 | $13.81 | +54% |
| 1945 | $0.52 | $9.74 | +16% |
| 1944 | $0.45 | $8.62 | +0.0% |
| 1943 | $0.45 | $8.76 | +18% |
| 1942 | $0.38 | $7.84 | +8.6% |
| 1941 | $0.35 | $8.01 | +0.0% |
| 1940 | $0.35 | $8.42 | −10% |
| 1939 | $0.39 | $9.45 | −9.3% |
| 1938 | $0.43 | $10.28 | −4.4% |
| 1937 | $0.45 | $10.54 | +0.0% |
| 1936 | $0.45 | $10.93 | −30% |
| 1935 | $0.64 | $15.71 | +33% |
| 1934 | $0.48 | $12.08 | +37% |
| 1933 | $0.35 | $9.12 | +25% |
| 1932 | $0.28 | $6.92 | −3.4% |
| 1931 | $0.29 | $6.43 | −24% |
| 1930 | $0.38 | $7.67 | −28% |
| 1929 | $0.53 | $10.41 | −8.6% |
| 1928 | $0.58 | $11.39 | +1.8% |
| 1927 | $0.57 | $11.06 | −8.1% |
| 1926 | $0.62 | $11.80 | −10% |
| 1925 | $0.69 | $13.25 | +3.0% |
| 1924 | $0.67 | $13.18 | +3.1% |
| 1923 | $0.65 | $12.85 | −4.4% |
| 1922 | $0.68 | $13.68 | +7.9% |
| 1921 | $0.63 | $11.89 | −38% |
| 1920 | $1.02 | $17.15 | −8.9% |
| 1919 | $1.12 | $21.77 | +14% |
| 1918 | $0.98 | $21.95 | +17% |
| 1917 | $0.84 | $22.07 | +25% |
| 1916 | $0.67 | $20.74 | +31% |
| 1915 | $0.51 | $17.00 | −8.9% |
| 1914 | $0.56 | $18.84 | −8.2% |
| 1913 | $0.61 | $20.80 | −1.6% |
| 1912 | $0.62 | $21.65 | +15% |
| 1911 | $0.54 | $19.53 | +0.0% |
| 1910 | $0.54 | $19.53 | +3.8% |
| 1909 | $0.52 | $19.50 | −1.9% |
| 1908 | $0.53 | $19.88 | −20% |
| 1907 | $0.66 | $23.87 | −1.5% |
| 1906 | $0.67 | $25.13 | +9.8% |
| 1905 | $0.61 | $22.88 | +5.2% |
| 1904 | $0.58 | $21.75 | +7.4% |
| 1903 | $0.54 | $20.25 | +1.9% |
| 1902 | $0.53 | $20.64 | −12% |
| 1901 | $0.60 | $24.30 | −3.2% |
| 1900 | $0.62 | $25.11 |
Questions readers ask
What is the highest gold price on record?
On monthly averages, $5,020 an ounce in February 2026. The highest full-year average was $3,442 in 2025, and the 2026 average so far is $4,552. Prices on single days run above these monthly averages.
What was the price of gold in 1980 in today’s dollars?
Gold averaged $608 an ounce in 1980, about $2,485 in today’s dollars. The January 1980 monthly average of $675 comes to $2,925, and the $850 daily high of 21 January 1980 to about $3,681.
Has silver passed its 1980 high after inflation?
No. Silver set a record in dollars of the day in January 2026, averaging $92.10 an ounce. After inflation the January 1980 average of $38.88 is still higher, at about $168.36 in today’s dollars, against $95.41 for January 2026.
How much has gold risen since 1971?
Gold averaged $40.80 an ounce in 1971. The COMEX settlement on 27 October 2026 was $4,074.60, 99.9 times as much. After inflation the rise is 1,100%: the 1971 average is worth about $340 in today’s dollars.
What was the price of gold in 1900?
$20.67 an ounce, the official US price, which held until 1932. In today’s dollars that is about $837, an estimate because the official price index starts in 1913. Silver averaged $0.62 in 1900, about $25.11 today.
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