Gold Price in 1997
MONTHLY AVERAGES, US DOLLARS PER TROY OUNCE.
The highest month of 1997 was January at $355. The lowest was December at $289. The 1997 average was −14.56% compared with the 1996 average ($388). From January to December the monthly average moved −18.59%.
Gold price by month, 1997
| Month | Average per oz | Change from prior month |
|---|---|---|
| January (high) | $355 | −3.79% |
| February | $347 | −2.25% |
| March | $352 | +1.44% |
| April | $344 | −2.27% |
| May | $344 | 0.00% |
| June | $341 | −0.87% |
| July | $324 | −4.99% |
| August | $324 | 0.00% |
| September | $323 | −0.31% |
| October | $325 | +0.62% |
| November | $306 | −5.85% |
| December (low) | $289 | −5.56% |
Each figure is the average of the daily prices in that month, so the high and low are the highest and lowest monthly averages, not the highest and lowest price on a single day.
1997 price in 2025 dollars
A $331 average in 1997 equals about $664 in 2025 dollars, using the consumer price index (CPI-U). For comparison, the gold price today is shown on the live gold price page.
Inflation data: U.S. Bureau of Labor Statistics, CPI-U all items, U.S. city average (series CUUR0000SA0), annual average, from the U.S. Bureau of Labor Statistics. The adjustment reflects general consumer prices only.
Gold price in other years
Quick answers
What was the price of gold in 1997?
The monthly average gold price in 1997 was $331 per troy ounce (the mean of the 12 monthly averages). The highest month was January at $355. The lowest was December at $289.
What was the gold price per gram in 1997?
$10.65 per gram on average in 1997, which is the ounce price divided by 31.1035.
What is the 1997 gold price in today's dollars?
Using the U.S. consumer price index (CPI-U), an average 1997 price of $331 equals about $664 in 2025 dollars. This only adjusts for general consumer prices. It says nothing about what gold was worth to a buyer at the time.
Where does this data come from?
Monthly averages are from the World Bank Commodity Price Data (the Pink Sheet), published under CC BY 4.0. Prices are monthly averages, not daily highs and lows, and the World Bank publishes them rounded.
Source: The World Bank, Commodity Price Data (The Pink Sheet), October 2026 release, CC BY 4.0. worldbank.org. Historical prices are for information, not a quote.