Price history · in 2026-09 dollars

Inflation-adjusted gold price

Gold's monthly price since 1968 in constant dollars, next to the nominal price. The highest inflation-adjusted observation is $5,385 in 2026-09 dollars (Feb 2026); the latest matched month, Sep 2026, is $4,159 nominal and $4,159 adjusted.

Sources: LBMA benchmark history · Bullion Trading LLC closes · BLS CPI-U Methodology

Real = monthly nominal price × CPI-U for 2026-09 ÷ CPI-U for the observation month (U.S. Bureau of Labor Statistics). Prices: LBMA benchmark history, then Bullion Trading LLC spot closes. Months without matching CPI data are omitted.

Why adjust for inflation?

A price in 1980 dollars and a price in today's dollars are not comparable: the dollar buys far less now. Converting each month to 2026-09 dollars with the BLS consumer price index (CPI-U) puts six decades on one scale and shows gold's purchasing power rather than its headline number. These are monthly samples, not daily or intraday records.

More: the gold price history chart, the record monthly highs, or gold bullion at today's prices.