Gold Price in 1987
In 1987, the LBMA gold price rose 20.9% — from $401 at the start of the year to $484 by year-end. It reached a high of $493 in November and a low of $401 in January, averaging $450 for the year.
1987 gold price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $401 | $493 (November) | $401 (January) | $484 | $450 |
| GBP | £265 | £290 (July) | £261 (December) | £261 | £272 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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