"The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it... But though labour be the real measure of the exchangeable value of all commodities, it is not that by which their value is commonly estimated... Every commodity, besides, is more frequently exchanged for, and thereby compared with, other commodities than with labour." - Adam Smith, The Wealth of Nations, 1776

"What is a cynic? A man who knows the price of everything and the value of nothing." - Oscar Wilde, Lady Windermere's Fan, 1892.

The Price of Gold, 1257- Present

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The source of recent annual London Market Prices is the average of the daily London PM Fix found on www.kitco.com. This is the price most users quote.

The source of recent annual New York Market Prices is the U.S. Geological Survey < http://minerals.usgs.gov/minerals/pubs/commodity/gold/> and is an estimated value that may be revised.

Please read our Note on Data Revisions.

Citation

Lawrence H. Officer and Samuel H. Williamson, "The Price of Gold, 1257-Present," MeasuringWorth,
URL: http://www.measuringworth.com/gold/

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What Was the Price of Gold? British official price (1257-1945) U.S. official price (1786-Present) New York market price (1791-Present) Gold/silver price ratio (1687-Present) London market price (1718-Present)
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The Price of Gold, 1257- Present

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Citation

MeasuringWorth is a service for calculating relative worth over time.