Gold averaged $278.67 an ounce in 1999, rising 0.9% over the year. Gold sank to a two-decade low in 1999, then jumped in September when European central banks agreed to limit their gold sales (the Washington Agreement).
| Month | Average | High | Low |
|---|---|---|---|
| January | $287.15 | $291.15 | $283.55 |
| February | $287.33 | $289.40 | $285.30 |
| March | $285.96 | $294.00 | $279.45 |
| April | $282.43 | $286.60 | $278.50 |
| May | $276.55 | $287.95 | $268.60 |
| June | $261.31 | $267.15 | $258.15 |
| July | $256.08 | $263.10 | $252.80 |
| August | $256.56 | $261.30 | $252.85 |
| September | $264.74 | $307.00 | $254.20 |
| October | $310.72 | $325.50 | $290.60 |
| November | $293.18 | $298.40 | $288.25 |
| December | $283.93 | $290.90 | $276.10 |
Gold averaged $278.67 per troy ounce in 1999. It opened the year at $287.80 and closed at $290.25.
Gold's highest daily price in 1999 was $325.50 on October 5; its lowest was $252.80 on July 20.
Adjusted for US consumer price inflation, 1999's average gold price of $278.67 equals about $559 in today's dollars.
At 1999's average price, $1,000 bought about 3.59 ounces of gold, worth $15,052 at today's price of $4,194.40.