2016 Gold Price in Today's Dollars
Amount
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In 2016, the average price of gold was $1,251.92 per troy ounce.
This is equivalent to $1,623.60 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 2016 gold price of $1,251.92 would be worth over time, compared to the actual price from that year.
Year | Inflation-adjusted | Actual |
---|---|---|
2023 | $1,571 | $1,943 |
2022 | $1,476 | $1,802 |
2021 | $1,379 | $1,799 |
2020 | $1,360 | $1,774 |
2019 | $1,330 | $1,393 |
2018 | $1,305 | $1,269 |
2017 | $1,278 | $1,260 |
2016 | $1,252 | $1,252 |