Gold Price in 1978
In 1978, the LBMA gold price rose 28.6% — from $176 at the start of the year to $226 by year-end. It reached a high of $243 in October and a low of $171 in April, averaging $197 for the year.
1978 gold price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $176 | $243 (October) | $171 (April) | $226 | $197 |
| GBP | £90.04 | £116 (October) | £90.04 (January) | £111 | £102 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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