The value of gold is currently around $900 an ounce, but it has fluctuated greatly over the years. Today’s gold prices depend on its investment value on Wall Street. The United States government fixed the price of gold so at $20.67 per ounce until 1934. Click here for today's gold price.

 

It wasn’t until 1975 that gold became an entirely free market investment. Since then, the price of gold has varied from $200 an ounce to more than $1,000 an ounce.

While the $850 an ounce price that it reached in 1980 is no longer a record, it is easily the highest amount when adjusting for inflation (roughly $2,176 an ounce by today’s standards).

Since its peak in 1980, the price of gold has stayed between $250 and $500 an ounce, and since September 2007, the price of gold has not dropped below $700 an ounce or risen above the $1,023.50 per ounce (a record set in March 2008).

 

 

It is largely speculative that the price of gold will continue to rise as economic times worsen, and is due in part to the historical fact that the value of gold rises as the dollar weakens.

 

 

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Gold Star Jewelry and Coin Company is open Monday through Saturday 11:00 AM until 6:00 PM. We're located at 7048 N. Clark Avenue, Chicago IL 60626; Phone: 773.942.6556.

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