RED LAKE REGIONAL HERITAGE CENTRE
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Historic Gold Prices

As a commodity, gold is controlled by the market, and the sale price often fluctuates. However, throughout history, you can see periods where the price stabilizes. For example from 1934 - 1939, the price of gold is steady at $35.00. The rate remained constant because of the institution of the Gold Reserves Act in the United States. This legislation increased the price per troy ounce and devalued the gold dollar. 

Historically, countries printed paper money that corresponded with their value in gold. This was known as the gold standard. In 1944, the US dollar became the official global currency with the introduction of the Bretton-Woods Agreement. The signing of this agreement marked the beginning of the move away from the gold standard. The break from the gold standard was completed in 1976 when American President Richard Nixon separated the value of the dollar from the value of gold.

Below is a list of the price of gold from the discovery of gold in Red Lake to 2018. Note that all prices listed are in USD. 

  • 1925: $20.67
  • 1926: $20.67
  • 1927: $20.67
  • 1928: $20.67
  • 1929: $20.67
  • 1930: $20.67
  • 1931: $20.67
  • 1932: $20.67
  • 1933: $32.32
  • 1934: $35.00
  • 1935: $35.00
  • 1936: $35.00
  • 1937: $35.00
  • 1938: $35.00
  • 1939: $35.00
  • 1940: $34.50
  • 1941: $35.50
  • 1942: $35.50
  • 1943: $36.50
  • 1944: $36.25
  • 1945: $37.25
  • 1946: $38.25
  • 1947: $43.00
  • 1948: $42.00
  • 1949: $40.50
  • 1950: $40.25
  • 1951: $40.00
  • 1952: $38.70
  • 1953: $35.50
  • 1954: $35.25
  • 1955: $35.15​
  • 1956: $35.20
  • 1957: $35.25
  • 1958: $35.25
  • 1959: $35.25
  • 1960: $36.50
  • 1961: $35.50
  • 1962: $35.35
  • 1963: $35.25
  • 1964: $35.35
  • 1965: $35.50
  • 1966: $35.40
  • 1967: $35.50
  • 1968: $43.50
  • 1969: $41.00
  • 1970: $38.90
  • 1971: $44.60
  • 1972: $63.84
  • 1973: $106.48
  • 1974: $183.77
  • 1975: $139.29
  • 1976: $133.77
  • 1977: $161.10
  • 1978: $208.10
  • 1979: $459.00
  • 1980: $594.90
  • 1981: $400.00
  • 1982: $447.00
  • 1983: $380.00
  • 1984: $308.00
  • 1985: $327.00
  • 1986: $390.90​
  • 1987: $486.50
  • 1988: $410.15
  • 1989: $401.00
  • 1990: $386.20
  • 1991: $353.15
  • 1992: $333.00
  • 1993: $391.75
  • 1994: $383.25
  • 1995: $387.00
  • 1996: $369.00
  • 1997: $287.05
  • 1998: $288.70
  • 1999: $290.25
  • 2000: $272.65
  • 2001: $276.50
  • 2002: $342.75
  • 2003: $417.25
  • 2004: $435.60
  • 2005: $513.00
  • 2006: $635.70
  • 2007: $836.50
  • 2008: $869.75
  • 2009: $1,087.50
  • 2010: $1,420.25
  • 2011: $1,531.00
  • 2012: $1,664.00
  • 2013: $1,204.50
  • 2014: $1,199.25
  • 2015: $1,060.00
  • 2016: $1,250.74
  • 2017: $1,257.12
  • 2018: $1,268.49​
  • 2019: $1,392.60
 Source: Only Gold and Kitco
What do you think this year will bring?


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Red Lake Regional Heritage Centre
51A Highway 105 P.O. Box 64
Red Lake, ON, Canada
P0V 2M0
807-727-3006
heritage@redlake.ca
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The Red Lake Regional Heritage Centre is a charitable organization, funded by the Municipality of Red Lake, the Ontario Ministry of Culture, and through fundraising activities. Reg # 87315 2714 RR001.

  • Home
  • Heritage Online
    • Puzzles
    • Podcast
    • Online Programming >
      • Bannock
      • Comics: Narratives in Transition
      • Dream Catchers
      • Eco Printing
      • Flower Pounding
      • Fur Trade
      • Mushrooms
      • Pysanky
      • Suncatchers
      • Wild Teas
      • Woodland Art
  • Exhibitions and Events
    • Red Lake Speaker Series
    • Current Exhibits
    • Past Exhibits >
      • SouthPaw Photography
      • EZHI NAMANG: HOW WE SEE IT
      • Red Lake on the Move
      • Fish Stories
      • Red Lake Art Show 2016
      • Red Lake Art Show 2017
      • Red Lake Art Show 2018
      • Woodland Caribou Provincial Park
      • Fire People >
        • Fire 14-1
        • Fire 14-2
  • History
    • Red Lake History
    • Aviation History
    • Immigration
    • Residential Schools
    • Heritage Centre History
    • Red Lake District Souvenir Record
  • Gift Shop
    • Accessories >
      • Jewellery
      • Key Holders
      • Purses, Wallets & Bags
    • Local Artists >
      • Rhonda Beckman
      • Valerie Blab
      • Kaila Erb
      • Lauren Furman
      • Patrick Hunter
      • Aaron LeBlanc
      • Amy Newport
      • Hidehiro Otake
      • Mark Nadjiwan
      • Sara Ramer-Dean
      • Rebecca Saikkonen
      • Wendy Yutzy
    • Books & DVDs
    • Cards
    • Clothing >
      • Scarves & Hats
      • T-Shirts
      • Long Sleeves
      • Socks
    • Home & Kitchen >
      • Glassware
      • Home Décor
      • Kitchen
      • Mugs
    • Glass Ornaments
    • Magnets
    • Miscellaneous
    • Norval Morrisseau Designs
  • Support
    • Volunteering
    • Memberships
    • Donor Wall
  • About Us
    • Strategic Plan
    • Annual Report
    • Services
    • Our Mission
    • Collections Policy
    • Employment Opportunities
    • Staff & Board
  • Mailing List
  • Mining Map
  • Donate Now