Gold averaged $153.11 an ounce in 1974, rising 72.3% over the year. Americans regained the right to own gold bullion on December 31, 1974, after a ban dating back to 1933.
| Month | Average | High | Low |
|---|---|---|---|
| January | $107.70 | $129.19 | $106.72 |
| February | $130.24 | $150.23 | $129.19 |
| March | $151.10 | $168.42 | $150.23 |
| April | $168.59 | $172.24 | $168.42 |
| May | $171.85 | $172.24 | $163.27 |
| June | $162.81 | $163.27 | $154.10 |
| July | $153.62 | $154.10 | $142.98 |
| August | $143.51 | $154.64 | $142.98 |
| September | $154.50 | $154.64 | $151.77 |
| October | $152.07 | $158.78 | $151.77 |
| November | $159.87 | $181.66 | $158.78 |
| December | $181.76 | $183.85 | $181.66 |
Gold averaged $153.11 per troy ounce in 1974. It opened the year at $106.72 and closed at $183.85.
Gold's highest daily price in 1974 was $183.85 on December 31; its lowest was $106.72 on January 1.
Adjusted for US consumer price inflation, 1974's average gold price of $153.11 equals about $1,037 in today's dollars.
At 1974's average price, $1,000 bought about 6.53 ounces of gold, worth $27,395 at today's price of $4,194.40.