Gold price in 1999: open, high, low, close
Gold averaged $278.75 an ounce in 1999, moving between $256.00 and $311.00. Month-by-month figures, the year's change and the inflation-adjusted value, from public data.
Gold price in 1999, month by month (US dollars per troy ounce)
| Month | Open | High | Low | Close | London avg |
|---|---|---|---|---|---|
| January | monthly average | $287.00 | |||
| February | monthly average | $287.00 | |||
| March | monthly average | $286.00 | |||
| April | monthly average | $283.00 | |||
| May | monthly average | $276.00 | |||
| June | monthly average | $261.00 | |||
| July | monthly average | $256.00 | |||
| August | monthly average | $257.00 | |||
| September | monthly average | $265.00 | |||
| October | monthly average | $311.00 | |||
| November | monthly average | $293.00 | |||
| December | monthly average | $283.00 | |||
Daily data for this year is not in our public sources, so each month shows the average London (LBMA) price from the World Bank Pink Sheet. Intraday highs and lows were more extreme than these averages.
Source: World Bank Commodity Markets (Pink Sheet) monthly London gold prices; COMEX gold futures (GC=F) daily settlements; US CPI (FRED series CPIAUCSL). Data updated ; refreshed automatically about once a day. Figures are indicative and may be revised by the sources.
Gold in 1999: the numbers
In 1999, gold averaged $278.75 an ounce, measured by monthly averages of the London (LBMA) price. It opened the year at $287.00, reached a high of $311.00 in October 1999 and a low of $256.00 in July 1999, and closed at $283.00, a change of −3.1% from the end of 1998. 3 of the 11 month-to-month changes were higher. Adjusted for inflation, the closing price equals about $564 in September 2026 dollars.
For context, gold closed 1998 at $292.00 and 2000 at $271.00 (−4.2% in 2000).
In May 1999 the UK Treasury announced it would sell more than half of Britain's gold reserves, and the price fell to a 20-year low in July. On 26 September 1999 fifteen European central banks signed the Washington Agreement on Gold, capping their combined sales at 400 tonnes a year, and gold jumped sharply within days.
How this compares with the whole record
The gold price history page charts every year since 1968 and lists the open, high, low and close of each, and the all-time-high tracker shows every record close. Figures for 1999 use monthly averages of the London (LBMA) price; the London price and COMEX futures differ slightly, usually by a few dollars.
Frequently asked questions
What was the gold price in 1999?
Gold averaged $278.75 per troy ounce in 1999, measured by monthly averages of the London (LBMA) price. It opened the year at $287.00 and closed at $283.00.
What was the highest gold price in 1999?
The highest monthly average in 1999 was $311.00, in October 1999. Intraday and daily highs that year were higher than the monthly average.
What was the lowest gold price in 1999?
The lowest monthly average in 1999 was $256.00, in July 1999.
Did gold go up or down in 1999?
Gold down −3.1% in 1999, from $292.00 at the end of 1998 to $283.00. Adjusted for inflation, that closing price is about $564 in September 2026 dollars.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.