Gold Price in 1938

All prices on this page are nominal (i.e., they are not indexed to inflation). For full price history, click here.

In 1938, the price of gold was fixed by the U.S. government at $35 per ounce. These are official prices, not market prices.

See our gold returns calculator to compute the return on a gold investment over any time period, including inflation adjustment.


Gold Price Chart, 1938

This graph shows the price of 1 troy ounce of gold in USD for each month.

Gold Price in 1938 ($)

Gold Price Table, 1938 (Monthly)

This table shows the USD value of gold per troy ounce for each month.

YearMonth Gold Price ($) Change ($) Month-over-month (%)
1938123500
1938113500
1938103500
193893500
193883500
193873500
193863500
193853500
193843500
193833500
193823500
193813500

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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