1971 Gold Price in Today's Dollars
Amount
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In 1971, the average price of gold was $40.80 per troy ounce.
This is equivalent to $314.45 in 2024 dollars.
Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.
Has the price of gold increased faster than inflation?
Here's how much the 1971 gold price of $40.80 would be worth over time, compared to the actual price from that year.
Year | Inflation-adjusted | Actual |
---|---|---|
2023 | $304 | $1,943 |
2022 | $286 | $1,802 |
2021 | $267 | $1,799 |
2020 | $263 | $1,774 |
2019 | $258 | $1,393 |
2018 | $253 | $1,269 |
2017 | $247 | $1,260 |
2016 | $242 | $1,252 |
2015 | $241 | $1,159 |
2014 | $239 | $1,266 |
2013 | $235 | $1,410 |
2012 | $231 | $1,669 |
2011 | $225 | $1,573 |
2010 | $221 | $1,227 |
2009 | $216 | $974 |
2008 | $215 | $872 |
2007 | $207 | $696 |
2006 | $202 | $604 |
2005 | $195 | $445 |
2004 | $189 | $410 |
2003 | $185 | $364 |
2002 | $181 | $310 |
2001 | $178 | $271 |
2000 | $173 | $279 |
1999 | $168 | $279 |
1998 | $165 | $294 |
1997 | $163 | $331 |
1996 | $157 | $388 |
1995 | $153 | $384 |
1994 | $149 | $384 |
1993 | $145 | $360 |
1992 | $141 | $344 |
1991 | $137 | $362 |
1990 | $129 | $384 |
1989 | $124 | $381 |
1988 | $118 | $437 |
1987 | $113 | $447 |
1986 | $112 | $368 |
1985 | $108 | $317 |
1984 | $104 | $361 |
1983 | $100 | $424 |
1982 | $96 | $376 |
1981 | $88 | $459 |
1980 | $79 | $615 |
1979 | $69 | $307 |
1978 | $64 | $194 |
1977 | $60 | $148 |
1976 | $57 | $125 |
1975 | $53 | $161 |
1974 | $47 | $159 |
1973 | $44 | $97 |
1972 | $42 | $58 |
1971 | $41 | $41 |