Gold Price History · The Free-Float Era
1992 in context · real value, 1972–2012
In 1992, gold averaged $344 an ounce — about $789 in today's money. That was down 5.1% on the year in nominal terms (−7.9% after inflation). In the free-float era the price is set entirely by markets, so each year carries its own distinct story of inflation, crisis, and confidence in paper money.
To see 1992 in the full sweep of the gold price, explore the 768-year ribbon, or find out what a 1992 gold investment would be worth today on the gold calculator.
Run the numbers across gold, stocks, housing, and bonds — adjusted for inflation.
Calculate 1992 →Value at year-end of $10,000 invested on 1 January 1992.
Annual-average basis. Gold: Officer & Williamson; S&P 500 & Treasuries: Damodaran (NYU); housing: Shiller; CPI: BLS. Methodology →
Sources. Gold price: Officer & Williamson, The Price of Gold, 1257–Present (annual average); inflation adjustment by US CPI (BLS / Officer & Williamson). Asset comparison from the calculator dataset. Figures are annual averages. Full methodology →