Gold averaged $436.95 an ounce in 1988, falling 15.3% over the year.
| Month | Average | High | Low |
|---|---|---|---|
| January | $476.94 | $484.10 | $458.00 |
| February | $442.07 | $455.90 | $426.15 |
| March | $443.61 | $456.95 | $428.90 |
| April | $452.06 | $458.00 | $447.00 |
| May | $450.83 | $457.90 | $440.40 |
| June | $451.33 | $464.70 | $433.55 |
| July | $437.56 | $444.75 | $431.20 |
| August | $431.36 | $434.60 | $425.80 |
| September | $413.56 | $430.40 | $395.30 |
| October | $406.78 | $413.00 | $395.45 |
| November | $420.17 | $424.25 | $410.90 |
| December | $418.43 | $429.00 | $410.25 |
Gold averaged $436.95 per troy ounce in 1988. It opened the year at $484.10 and closed at $410.25.
Gold's highest daily price in 1988 was $484.10 on January 1; its lowest was $395.30 on September 26.
Adjusted for US consumer price inflation, 1988's average gold price of $436.95 equals about $1,234 in today's dollars.
At 1988's average price, $1,000 bought about 2.29 ounces of gold, worth $9,599 at today's price of $4,194.40.