Gold Price in 1969

The gold price fell 16.0% in 1969, from $41.90 at the end of 1968 to $35.20. Its highest close was $43.83 on Mar 10 — a record that stood until August 9, 1971, and its lowest $35.00 on Dec 9. The biggest one-day fall was −2.4% on Nov 19 and the biggest rise +2.5% on Jun 10. Adjusted for inflation, it lost 20.9%.

Change in 1969

−16.0%

$41.90 → $35.20

High

$43.83

Mar 10

Low

$35.00

Dec 9

After inflation

−20.9%

US CPI

Up days

103 of 253

longest run 5 up, 9 down

Record highs

closing records

Gold Price, daily closes 1969

Numbers mark the events below

Key Events in 1969

What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.

1
Wednesday, January 8 From the data

Gold sets the first of 10 record closing highs this year, at $42.45.
2
Monday, March 10 From the data

Last record close of the year: $43.83.
3
Tuesday, June 10 From the data

Biggest one-day rise of the year: +2.5%.
4
Monday, July 28

IMF First Amendment creating the Special Drawing Right (SDR) takes effect. Source

Gold: −0.2% that day · −2.2% a month later
5
Wednesday, November 19 From the data

Biggest one-day fall of the year: −2.4%.
6
Monday, December 8 From the data

Enters a bear market: 20% below its peak of $43.83 (March 10, 1969).

Biggest days of 1969

Best days		Worst days
Jun 10	+2.5%	Nov 19	−2.4%
Jun 17	+1.6%	Jun 6	−2.4%
Jun 9	+1.6%	Jun 11	−2.1%
Jan 14	+1.0%	Mar 11	−2.0%
Jan 8	+0.8%	Jun 16	−1.9%

Volatility: 8.4% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$42.54	+1.5%	$42.70	$41.80
Feb	$42.70	+0.4%	$42.80	$42.42
Mar	$42.90	+0.5%	$43.83	$42.70
Apr	$43.60	+1.6%	$43.60	$42.98
May	$43.08	−1.2%	$43.62	$43.08
Jun	$41.20	−4.4%	$42.67	$40.62
Jul	$41.39	+0.5%	$42.10	$41.15
Aug	$40.86	−1.3%	$41.43	$40.86
Sep	$40.67	−0.5%	$41.05	$40.62
Oct	$39.75	−2.3%	$40.95	$39.75
Nov	$35.60	−10.4%	$39.55	$35.45
Dec	$35.20	−1.1%	$35.55	$35.00

Other Markets in 1969

Change over the calendar year.

Market	Change	Year-end
Gold Price	−16.0%	$35.20
Dow Jones Industrial Average in 1969	−15.2%	800.36
S&P 500 in 1969	−11.4%	92.06
Silver in 1969	−8.0%	$1.79
US 10-year Treasury yield in 1969	+1.72 pp	7.88%

1968 1969

Gold Price in 1969: FAQ

How much did the gold price fall in 1969?

What were the highest and lowest closes of the gold price in 1969?

Highest: $43.83 on March 10, 1969. Lowest: $35.00 on December 9, 1969. It closed higher on 103 of 253 trading days.

What happened to the gold price on July 28, 1969?

IMF First Amendment creating the Special Drawing Right (SDR) takes effect. The gold price fell 0.2% that day, and was −2.2% a month later.

Did the gold price reach a record high in 1969?

Yes — 10 record closing highs, the last at $43.83 on March 10, 1969. (Records counted from 1968, when the free market price began.)

Data: London PM fix (LBMA) from 1968 to Sep 2017, COMEX gold futures closes after that. Before 1968 the official US price: $20.67 until Oct 1933, $35 from 31 Jan 1934. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.