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The monthly average price of gold stared the year 1970 in January at 39.44 U.S. dollars per troy ounce and ended in December at 37.44.

Up till 1971 the value of the U.S. dollar was pegged to gold at $35 per ounce. After that time the price of gold increased substantially.

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10y ago
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13y ago

The average price for a troy ounce of gold in 1980 was $615.00

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14y ago

The average price of an ounce of gold in 1974 was $159.26 in US dollars.

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13y ago

about 10k's maybe

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11y ago

20

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Q: What was the value of an ounce of gold in 1970?
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