Gold price in 1978
Gold's full-year performance in US dollars per troy ounce, with the annual average, highest and lowest monthly averages, final reported month and month-by-month changes.
What happened to gold in 1978
Gold rose 30.00% to $208.00 per troy ounce on a monthly-average basis. The year's monthly averages averaged $193.17, with the lowest at $173.00 in January 1978 and the highest at $227.00 in October 1978. August was the strongest month at +8.99%, while November was the weakest at −9.25%.
Gold price chart for 1978
World Bank monthly averages in USD per troy ounce; no missing month is interpolated.
Gold price by month in 1978
Monthly change compares each monthly average with the preceding month's average. These values smooth daily movement and are not month-end closes or intraday highs and lows.
| Month | Monthly average | Change |
|---|---|---|
| January | $173.00 | +8.13% |
| February | $178.00 | +2.89% |
| March | $184.00 | +3.37% |
| April | $175.00 | −4.89% |
| May | $176.00 | +0.57% |
| June | $184.00 | +4.55% |
| July | $189.00 | +2.72% |
| August | $206.00 | +8.99% |
| September | $212.00 | +2.91% |
| October | $227.00 | +7.08% |
| November | $206.00 | −9.25% |
| December | $208.00 | +0.97% |
These are monthly values from the World Bank Commodity Price Data under CC BY 4.0. Gold is defined as the spot average of daily rates from June 2025; earlier values are averages of the London afternoon fixing. See the history methodology.
Past returns do not predict future performance and exclude transaction costs, storage, tax and currency effects outside USD. See the risk disclaimer.