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What was the gold price in 1970?

Updated: 9/23/2023
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10y ago

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35.90 per troy ounce

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

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.


Was the price of a Krugerrand R27.50 in 1970?

I am guessing that you mean the Gold 1 troy ounce Krugerrand. I am also guessing that you mean the US$ price. Because the Rand price would be R27.50. Since the coin was intended to be sold for the price of gold the retail price of the Krugerrand would be the price of gold plus a small premium (Proably 4-5% of the gold price of the coin). Since the price could flucuate on a daily basis the retail price could and would fluctuate. Also, an individual coin dealer might charge more of a premium if they wanted to. This site: http://www.usagold.com/reference/prices/1970.html lists the average selling price for that year. It ranges from $34.94 to $37.44 per troy oz. The Krugerrand was only sold in one troy ounce coins at that time. In 1970 the Rand was worth more than the dollar. The dollar price for gold reflects the higher value of the Rand. If you could have, don't you wish you would have bought a thousand of them. RR


What was the Price of gold in 1969?

price of gold in 1969


What is an international gold price?

INTERNATIONAL GOLD PRICE MEANS, THE CURRENT PRICE OF GOLD IN THOSE RESPECTIVE COUNTRIES. try this site its useful http://gold-price-blog.info/


What is the difference between gold spot price and gold wholesale price?

The gold spot price refers to the current market price of gold for immediate delivery, while the gold wholesale price includes bulk transactions, discounts, and additional costs for handling and distribution.


What is the price for gold?

The current price of gold is $1321.30 per ounce. In 2013, the average price for an ounce of gold was $1204.50.


What is the current gold price of today?

Gold price changes from day to day so there is no fixed price for gold and for present the current price of gold in market is 1359.50 US dollars.And the same gold price in india is nearly equal to 27000.


What is the price of 22 caret gold in Karachi?

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24 carat gold price in Hong Kong?

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What is gold price of 100gram?

gold price per gram in Saudi riyals try this site its useful http://gold-price-blog.info/


What is the price of gold in USA?

The price of gold and other metals does change day to day. The price of gold today is 1118 per ounce.


What was the average price of gas in 1970?

The average price of a gallon of regular leaded gasoline in 1970 was $.36 cents.