Gold Price in 1971
In 1971, the LBMA gold price rose 14.7% — from $38.05 at the start of the year to $43.63 by year-end. It reached a high of $43.63 in December and a low of $38.05 in January, averaging $40.97 for the year.
1971 gold price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $38.05 | $43.63 (December) | $38.05 (January) | $43.63 | $40.97 |
| GBP | £15.75 | £17.53 (July) | £15.75 (January) | £17.09 | £16.71 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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