Gold: $100 in 1923 → $19,514.76 in 2026

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Gold investment returns since 1923

If you invested $100 in gold at the beginning of January 1923, you would have about $19,514.76 by August 2026. This is a return on investment of 19,414.76%, or 5.22% per year.

This investment beats inflation during this period for an inflation-adjusted return of about 878.71% cumulatively, or 2.23% per year.

Until 1971, the U.S. government fixed the price of gold: $20.67 per ounce until 1934, then $35. Most of gold's gains since 1923 came after the price was allowed to float.

The graph below shows the performance of $100 invested in gold over time.

Adjusting gold return for inflation

The nominal return on investment of $100 is $19,414.76, or 19,414.76%. This means by August 2026 you would have $19,514.76 worth of gold.

However, it's important to take into account the effect of inflation when considering an investment. Gold is often considered a hedge against inflation, so let's see how it actually performed.

The CPI in January 1923 was 16.800 and the CPI in August 2026 was 334.980.

Adjusted for inflation, the $19,514.76 nominal end value would have a real return of roughly $878.71 in 1923 dollars. This means the inflation-adjusted return is 878.71% as opposed to the original 19,414.76%.

For more information on inflation, see our U.S. inflation calculator for 1923.

Full monthly data

The table below shows the full dataset pertaining to a $100 gold investment over the 1244-month period between 1923 and 2026.

YearMonthGold Price ($)Return (%)Amount ($)
1923120.670.00%100.00
1923220.670.00%100.00
1923320.670.00%100.00
1923420.670.00%100.00
1923520.670.00%100.00
1923620.670.00%100.00
1923720.670.00%100.00
1923820.670.00%100.00
1923920.670.00%100.00
19231020.670.00%100.00
19231120.670.00%100.00
19231220.670.00%100.00
1924120.670.00%100.00
1924220.670.00%100.00
1924320.670.00%100.00
1924420.670.00%100.00
1924520.670.00%100.00
1924620.670.00%100.00
1924720.670.00%100.00
1924820.670.00%100.00
1924920.670.00%100.00
19241020.670.00%100.00
19241120.670.00%100.00
19241220.670.00%100.00
1925120.670.00%100.00
1925220.670.00%100.00
1925320.670.00%100.00
1925420.670.00%100.00
1925520.670.00%100.00
1925620.670.00%100.00
1925720.670.00%100.00
1925820.670.00%100.00
1925920.670.00%100.00
19251020.670.00%100.00
19251120.670.00%100.00
19251220.670.00%100.00
1926120.670.00%100.00
1926220.670.00%100.00
1926320.670.00%100.00
1926420.670.00%100.00
1926520.670.00%100.00
1926620.670.00%100.00
1926720.670.00%100.00
1926820.670.00%100.00
1926920.670.00%100.00
19261020.670.00%100.00
19261120.670.00%100.00
19261220.670.00%100.00
1927120.670.00%100.00
1927220.670.00%100.00
1927320.670.00%100.00
1927420.670.00%100.00
1927520.670.00%100.00
1927620.670.00%100.00
1927720.670.00%100.00
1927820.670.00%100.00
1927920.670.00%100.00
19271020.670.00%100.00
19271120.670.00%100.00
19271220.670.00%100.00
1928120.670.00%100.00
1928220.670.00%100.00
1928320.670.00%100.00
1928420.670.00%100.00
1928520.670.00%100.00
1928620.670.00%100.00
1928720.670.00%100.00
1928820.670.00%100.00
1928920.670.00%100.00
19281020.670.00%100.00
19281120.670.00%100.00
19281220.670.00%100.00
1929120.670.00%100.00
1929220.670.00%100.00
1929320.670.00%100.00
1929420.670.00%100.00
1929520.670.00%100.00
1929620.670.00%100.00
1929720.670.00%100.00
1929820.670.00%100.00
1929920.670.00%100.00
19291020.670.00%100.00
19291120.670.00%100.00
19291220.670.00%100.00
1930120.670.00%100.00
1930220.670.00%100.00
1930320.670.00%100.00
1930420.670.00%100.00
1930520.670.00%100.00
1930620.670.00%100.00
1930720.670.00%100.00
1930820.670.00%100.00
1930920.670.00%100.00
19301020.670.00%100.00
19301120.670.00%100.00
19301220.670.00%100.00
1931120.670.00%100.00
1931220.670.00%100.00
1931320.670.00%100.00
1931420.670.00%100.00
1931520.670.00%100.00
1931620.670.00%100.00
1931720.670.00%100.00
1931820.670.00%100.00
1931920.670.00%100.00
19311020.670.00%100.00
19311120.670.00%100.00
19311220.670.00%100.00
1932120.670.00%100.00
1932220.670.00%100.00
1932320.670.00%100.00
1932420.670.00%100.00
1932520.670.00%100.00
1932620.670.00%100.00
1932720.670.00%100.00
1932820.670.00%100.00
1932920.670.00%100.00
19321020.670.00%100.00
19321120.670.00%100.00
19321220.670.00%100.00
1933120.670.00%100.00
1933220.670.00%100.00
1933320.670.00%100.00
1933420.670.00%100.00
1933520.670.00%100.00
1933620.670.00%100.00
1933720.670.00%100.00
1933820.670.00%100.00
1933920.670.00%100.00
19331020.670.00%100.00
19331120.670.00%100.00
19331220.670.00%100.00
1934120.670.00%100.00
1934235.0069.33%169.33
1934335.0069.33%169.33
1934435.0069.33%169.33
1934535.0069.33%169.33
1934635.0069.33%169.33
1934735.0069.33%169.33
1934835.0069.33%169.33
1934935.0069.33%169.33
19341035.0069.33%169.33
19341135.0069.33%169.33
19341235.0069.33%169.33
1935135.0069.33%169.33
1935235.0069.33%169.33
1935335.0069.33%169.33
1935435.0069.33%169.33
1935535.0069.33%169.33
1935635.0069.33%169.33
1935735.0069.33%169.33
1935835.0069.33%169.33
1935935.0069.33%169.33
19351035.0069.33%169.33
19351135.0069.33%169.33
19351235.0069.33%169.33
1936135.0069.33%169.33
1936235.0069.33%169.33
1936335.0069.33%169.33
1936435.0069.33%169.33
1936535.0069.33%169.33
1936635.0069.33%169.33
1936735.0069.33%169.33
1936835.0069.33%169.33
1936935.0069.33%169.33
19361035.0069.33%169.33
19361135.0069.33%169.33
19361235.0069.33%169.33
1937135.0069.33%169.33
1937235.0069.33%169.33
1937335.0069.33%169.33
1937435.0069.33%169.33
1937535.0069.33%169.33
1937635.0069.33%169.33
1937735.0069.33%169.33
1937835.0069.33%169.33
1937935.0069.33%169.33
19371035.0069.33%169.33
19371135.0069.33%169.33
19371235.0069.33%169.33
1938135.0069.33%169.33
1938235.0069.33%169.33
1938335.0069.33%169.33
1938435.0069.33%169.33
1938535.0069.33%169.33
1938635.0069.33%169.33
1938735.0069.33%169.33
1938835.0069.33%169.33
1938935.0069.33%169.33
19381035.0069.33%169.33
19381135.0069.33%169.33
19381235.0069.33%169.33
1939135.0069.33%169.33
1939235.0069.33%169.33
1939335.0069.33%169.33
1939435.0069.33%169.33
1939535.0069.33%169.33
1939635.0069.33%169.33
1939735.0069.33%169.33
1939835.0069.33%169.33
1939935.0069.33%169.33
19391035.0069.33%169.33
19391135.0069.33%169.33
19391235.0069.33%169.33
1940135.0069.33%169.33
1940235.0069.33%169.33
1940335.0069.33%169.33
1940435.0069.33%169.33
1940535.0069.33%169.33
1940635.0069.33%169.33
1940735.0069.33%169.33
1940835.0069.33%169.33
1940935.0069.33%169.33
19401035.0069.33%169.33
19401135.0069.33%169.33
19401235.0069.33%169.33
1941135.0069.33%169.33
1941235.0069.33%169.33
1941335.0069.33%169.33
1941435.0069.33%169.33
1941535.0069.33%169.33
1941635.0069.33%169.33
1941735.0069.33%169.33
1941835.0069.33%169.33
1941935.0069.33%169.33
19411035.0069.33%169.33
19411135.0069.33%169.33
19411235.0069.33%169.33
1942135.0069.33%169.33
1942235.0069.33%169.33
1942335.0069.33%169.33
1942435.0069.33%169.33
1942535.0069.33%169.33
1942635.0069.33%169.33
1942735.0069.33%169.33
1942835.0069.33%169.33
1942935.0069.33%169.33
19421035.0069.33%169.33
19421135.0069.33%169.33
19421235.0069.33%169.33
1943135.0069.33%169.33
1943235.0069.33%169.33
1943335.0069.33%169.33
1943435.0069.33%169.33
1943535.0069.33%169.33
1943635.0069.33%169.33
1943735.0069.33%169.33
1943835.0069.33%169.33
1943935.0069.33%169.33
19431035.0069.33%169.33
19431135.0069.33%169.33
19431235.0069.33%169.33
1944135.0069.33%169.33
1944235.0069.33%169.33
1944335.0069.33%169.33
1944435.0069.33%169.33
1944535.0069.33%169.33
1944635.0069.33%169.33
1944735.0069.33%169.33
1944835.0069.33%169.33
1944935.0069.33%169.33
19441035.0069.33%169.33
19441135.0069.33%169.33
19441235.0069.33%169.33
1945135.0069.33%169.33
1945235.0069.33%169.33
1945335.0069.33%169.33
1945435.0069.33%169.33
1945535.0069.33%169.33
1945635.0069.33%169.33
1945735.0069.33%169.33
1945835.0069.33%169.33
1945935.0069.33%169.33
19451035.0069.33%169.33
19451135.0069.33%169.33
19451235.0069.33%169.33
1946135.0069.33%169.33
1946235.0069.33%169.33
1946335.0069.33%169.33
1946435.0069.33%169.33
1946535.0069.33%169.33
1946635.0069.33%169.33
1946735.0069.33%169.33
1946835.0069.33%169.33
1946935.0069.33%169.33
19461035.0069.33%169.33
19461135.0069.33%169.33
19461235.0069.33%169.33
1947135.0069.33%169.33
1947235.0069.33%169.33
1947335.0069.33%169.33
1947435.0069.33%169.33
1947535.0069.33%169.33
1947635.0069.33%169.33
1947735.0069.33%169.33
1947835.0069.33%169.33
1947935.0069.33%169.33
19471035.0069.33%169.33
19471135.0069.33%169.33
19471235.0069.33%169.33
1948135.0069.33%169.33
1948235.0069.33%169.33
1948335.0069.33%169.33
1948435.0069.33%169.33
1948535.0069.33%169.33
1948635.0069.33%169.33
1948735.0069.33%169.33
1948835.0069.33%169.33
1948935.0069.33%169.33
19481035.0069.33%169.33
19481135.0069.33%169.33
19481235.0069.33%169.33
1949135.0069.33%169.33
1949235.0069.33%169.33
1949335.0069.33%169.33
1949435.0069.33%169.33
1949535.0069.33%169.33
1949635.0069.33%169.33
1949735.0069.33%169.33
1949835.0069.33%169.33
1949935.0069.33%169.33
19491035.0069.33%169.33
19491135.0069.33%169.33
19491235.0069.33%169.33
1950135.0069.33%169.33
1950235.0069.33%169.33
1950335.0069.33%169.33
1950435.0069.33%169.33
1950535.0069.33%169.33
1950635.0069.33%169.33
1950735.0069.33%169.33
1950835.0069.33%169.33
1950935.0069.33%169.33
19501035.0069.33%169.33
19501135.0069.33%169.33
19501235.0069.33%169.33
1951135.0069.33%169.33
1951235.0069.33%169.33
1951335.0069.33%169.33
1951435.0069.33%169.33
1951535.0069.33%169.33
1951635.0069.33%169.33
1951735.0069.33%169.33
1951835.0069.33%169.33
1951935.0069.33%169.33
19511035.0069.33%169.33
19511135.0069.33%169.33
19511235.0069.33%169.33
1952135.0069.33%169.33
1952235.0069.33%169.33
1952335.0069.33%169.33
1952435.0069.33%169.33
1952535.0069.33%169.33
1952635.0069.33%169.33
1952735.0069.33%169.33
1952835.0069.33%169.33
1952935.0069.33%169.33
19521035.0069.33%169.33
19521135.0069.33%169.33
19521235.0069.33%169.33
1953135.0069.33%169.33
1953235.0069.33%169.33
1953335.0069.33%169.33
1953435.0069.33%169.33
1953535.0069.33%169.33
1953635.0069.33%169.33
1953735.0069.33%169.33
1953835.0069.33%169.33
1953935.0069.33%169.33
19531035.0069.33%169.33
19531135.0069.33%169.33
19531235.0069.33%169.33
1954135.0069.33%169.33
1954235.0069.33%169.33
1954335.0069.33%169.33
1954435.0069.33%169.33
1954535.0069.33%169.33
1954635.0069.33%169.33
1954735.0069.33%169.33
1954835.0069.33%169.33
1954935.0069.33%169.33
19541035.0069.33%169.33
19541135.0069.33%169.33
19541235.0069.33%169.33
1955135.0069.33%169.33
1955235.0069.33%169.33
1955335.0069.33%169.33
1955435.0069.33%169.33
1955535.0069.33%169.33
1955635.0069.33%169.33
1955735.0069.33%169.33
1955835.0069.33%169.33
1955935.0069.33%169.33
19551035.0069.33%169.33
19551135.0069.33%169.33
19551235.0069.33%169.33
1956135.0069.33%169.33
1956235.0069.33%169.33
1956335.0069.33%169.33
1956435.0069.33%169.33
1956535.0069.33%169.33
1956635.0069.33%169.33
1956735.0069.33%169.33
1956835.0069.33%169.33
1956935.0069.33%169.33
19561035.0069.33%169.33
19561135.0069.33%169.33
19561235.0069.33%169.33
1957135.0069.33%169.33
1957235.0069.33%169.33
1957335.0069.33%169.33
1957435.0069.33%169.33
1957535.0069.33%169.33
1957635.0069.33%169.33
1957735.0069.33%169.33
1957835.0069.33%169.33
1957935.0069.33%169.33
19571035.0069.33%169.33
19571135.0069.33%169.33
19571235.0069.33%169.33
1958135.0069.33%169.33
1958235.0069.33%169.33
1958335.0069.33%169.33
1958435.0069.33%169.33
1958535.0069.33%169.33
1958635.0069.33%169.33
1958735.0069.33%169.33
1958835.0069.33%169.33
1958935.0069.33%169.33
19581035.0069.33%169.33
19581135.0069.33%169.33
19581235.0069.33%169.33
1959135.0069.33%169.33
1959235.0069.33%169.33
1959335.0069.33%169.33
1959435.0069.33%169.33
1959535.0069.33%169.33
1959635.0069.33%169.33
1959735.0069.33%169.33
1959835.0069.33%169.33
1959935.0069.33%169.33
19591035.0069.33%169.33
19591135.0069.33%169.33
19591235.0069.33%169.33
1960135.0069.33%169.33
1960235.0069.33%169.33
1960335.0069.33%169.33
1960435.0069.33%169.33
1960535.0069.33%169.33
1960635.0069.33%169.33
1960735.0069.33%169.33
1960835.0069.33%169.33
1960935.0069.33%169.33
19601035.0069.33%169.33
19601135.0069.33%169.33
19601235.0069.33%169.33
1961135.0069.33%169.33
1961235.0069.33%169.33
1961335.0069.33%169.33
1961435.0069.33%169.33
1961535.0069.33%169.33
1961635.0069.33%169.33
1961735.0069.33%169.33
1961835.0069.33%169.33
1961935.0069.33%169.33
19611035.0069.33%169.33
19611135.0069.33%169.33
19611235.0069.33%169.33
1962135.0069.33%169.33
1962235.0069.33%169.33
1962335.0069.33%169.33
1962435.0069.33%169.33
1962535.0069.33%169.33
1962635.0069.33%169.33
1962735.0069.33%169.33
1962835.0069.33%169.33
1962935.0069.33%169.33
19621035.0069.33%169.33
19621135.0069.33%169.33
19621235.0069.33%169.33
1963135.0069.33%169.33
1963235.0069.33%169.33
1963335.0069.33%169.33
1963435.0069.33%169.33
1963535.0069.33%169.33
1963635.0069.33%169.33
1963735.0069.33%169.33
1963835.0069.33%169.33
1963935.0069.33%169.33
19631035.0069.33%169.33
19631135.0069.33%169.33
19631235.0069.33%169.33
1964135.0069.33%169.33
1964235.0069.33%169.33
1964335.0069.33%169.33
1964435.0069.33%169.33
1964535.0069.33%169.33
1964635.0069.33%169.33
1964735.0069.33%169.33
1964835.0069.33%169.33
1964935.0069.33%169.33
19641035.0069.33%169.33
19641135.0069.33%169.33
19641235.0069.33%169.33
1965135.0069.33%169.33
1965235.0069.33%169.33
1965335.0069.33%169.33
1965435.0069.33%169.33
1965535.0069.33%169.33
1965635.0069.33%169.33
1965735.0069.33%169.33
1965835.0069.33%169.33
1965935.0069.33%169.33
19651035.0069.33%169.33
19651135.0069.33%169.33
19651235.0069.33%169.33
1966135.0069.33%169.33
1966235.0069.33%169.33
1966335.0069.33%169.33
1966435.0069.33%169.33
1966535.0069.33%169.33
1966635.0069.33%169.33
1966735.0069.33%169.33
1966835.0069.33%169.33
1966935.0069.33%169.33
19661035.0069.33%169.33
19661135.0069.33%169.33
19661235.0069.33%169.33
1967135.0069.33%169.33
1967235.0069.33%169.33
1967335.0069.33%169.33
1967435.0069.33%169.33
1967535.0069.33%169.33
1967635.0069.33%169.33
1967735.0069.33%169.33
1967835.0069.33%169.33
1967935.0069.33%169.33
19671035.0069.33%169.33
19671135.0069.33%169.33
19671235.0069.33%169.33
1968136.0074.17%174.17
1968236.0074.17%174.17
1968337.0079.00%179.00
1968438.0083.84%183.84
1968541.0098.36%198.36
1968641.0098.36%198.36
1968739.0088.68%188.68
1968839.0088.68%188.68
1968940.0093.52%193.52
19681039.0088.68%188.68
19681140.0093.52%193.52
19681241.0098.36%198.36
1969142.00103.19%203.19
1969243.00108.03%208.03
1969343.00108.03%208.03
1969443.00108.03%208.03
1969543.00108.03%208.03
1969641.0098.36%198.36
1969742.00103.19%203.19
1969841.0098.36%198.36
1969941.0098.36%198.36
19691040.0093.52%193.52
19691137.0079.00%179.00
19691235.0069.33%169.33
1970135.0069.33%169.33
1970235.0069.33%169.33
1970335.0069.33%169.33
1970436.0074.17%174.17
1970536.0074.17%174.17
1970635.0069.33%169.33
1970735.0069.33%169.33
1970835.0069.33%169.33
1970936.0074.17%174.17
19701038.0083.84%183.84
19701137.0079.00%179.00
19701237.0079.00%179.00
1971138.0083.84%183.84
1971239.0088.68%188.68
1971339.0088.68%188.68
1971439.0088.68%188.68
1971541.0098.36%198.36
1971640.0093.52%193.52
1971741.0098.36%198.36
1971843.00108.03%208.03
1971942.00103.19%203.19
19711043.00108.03%208.03
19711143.00108.03%208.03
19711243.00108.03%208.03
1972146.00122.54%222.54
1972248.00132.22%232.22
1972348.00132.22%232.22
1972449.00137.06%237.06
1972555.00166.09%266.09
1972662.00199.95%299.95
1972766.00219.30%319.30
1972867.00224.14%324.14
1972965.00214.47%314.47
19721065.00214.47%314.47
19721163.00204.79%304.79
19721264.00209.63%309.63
1973165.00214.47%314.47
1973274.00258.01%358.01
1973384.00306.39%406.39
1973491.00340.25%440.25
19735102.00393.47%493.47
19736120.00480.55%580.55
19737120.00480.55%580.55
19738107.00417.66%517.66
19739103.00398.31%498.31
197310100.00383.79%483.79
19731195.00359.60%459.60
197312107.00417.66%517.66
19741129.00524.09%624.09
19742150.00625.69%725.69
19743168.00712.77%812.77
19744172.00732.12%832.12
19745163.00688.58%788.58
19746154.00645.04%745.04
19747143.00591.82%691.82
19748155.00649.88%749.88
19749152.00635.37%735.37
197410159.00669.23%769.23
197411182.00780.50%880.50
197412184.00790.18%890.18
19751176.00751.48%851.48
19752180.00770.83%870.83
19753178.00761.15%861.15
19754170.00722.45%822.45
19755167.00707.93%807.93
19756164.00693.42%793.42
19757165.00698.26%798.26
19758163.00688.58%788.58
19759144.00596.66%696.66
197510143.00591.82%691.82
197511142.00586.99%686.99
197512139.00572.47%672.47
19761131.00533.77%633.77
19762131.00533.77%633.77
19763133.00543.44%643.44
19764128.00519.25%619.25
19765127.00514.42%614.42
19766126.00509.58%609.58
19767118.00470.88%570.88
19768110.00432.17%532.17
19769114.00451.52%551.52
197610116.00461.20%561.20
197611130.00528.93%628.93
197612134.00548.28%648.28
19771132.00538.61%638.61
19772136.00557.96%657.96
19773148.00616.01%716.01
19774149.00620.85%720.85
19775147.00611.18%711.18
19776141.00582.15%682.15
19777143.00591.82%691.82
19778145.00601.50%701.50
19779150.00625.69%725.69
197710159.00669.23%769.23
197711162.00683.74%783.74
197712160.00674.07%774.07
19781173.00736.96%836.96
19782178.00761.15%861.15
19783184.00790.18%890.18
19784175.00746.64%846.64
19785176.00751.48%851.48
19786184.00790.18%890.18
19787189.00814.37%914.37
19788206.00896.61%996.61
19789212.00925.64%1,025.64
197810227.00998.21%1,098.21
197811206.00896.61%996.61
197812208.00906.29%1,006.29
19791227.00998.21%1,098.21
19792246.001090.13%1,190.13
19793242.001070.78%1,170.78
19794239.001056.27%1,156.27
19795258.001148.19%1,248.19
19796279.001249.78%1,349.78
19797295.001327.19%1,427.19
19798301.001356.22%1,456.22
19799355.001617.46%1,717.46
197910392.001796.47%1,896.47
197911392.001796.47%1,896.47
197912455.002101.26%2,201.26
19801675.003165.60%3,265.60
19802665.003117.22%3,217.22
19803554.002580.21%2,680.21
19804517.002401.21%2,501.21
19805514.002386.70%2,486.70
19806601.002807.60%2,907.60
19807643.003010.79%3,110.79
19808627.002933.38%3,033.38
19809674.003160.76%3,260.76
198010661.003097.87%3,197.87
198011625.002923.71%3,023.71
198012538.002502.81%2,602.81
19811557.002594.73%2,694.73
19812500.002318.96%2,418.96
19813499.002314.13%2,414.13
19814496.002299.61%2,399.61
19815480.002222.21%2,322.21
19816461.002130.29%2,230.29
19817409.001878.71%1,978.71
19818410.001883.55%1,983.55
19819444.002048.04%2,148.04
198110438.002019.01%2,119.01
198111413.001898.06%1,998.06
198112410.001883.55%1,983.55
19821384.001757.76%1,857.76
19822374.001709.39%1,809.39
19823330.001496.52%1,596.52
19824350.001593.28%1,693.28
19825334.001515.87%1,615.87
19826315.001423.95%1,523.95
19827339.001540.06%1,640.06
19828364.001661.01%1,761.01
19829437.002014.18%2,114.18
198210422.001941.61%2,041.61
198211415.001907.74%2,007.74
198212445.002052.88%2,152.88
19831481.002227.04%2,327.04
19832491.002275.42%2,375.42
19833420.001931.93%2,031.93
19834433.001994.82%2,094.82
19835438.002019.01%2,119.01
19836413.001898.06%1,998.06
19837403.001849.69%1,949.69
19838416.001912.58%2,012.58
19839412.001893.23%1,993.23
198310394.001806.14%1,906.14
198311382.001748.09%1,848.09
198312388.001777.12%1,877.12
19841371.001694.87%1,794.87
19842386.001767.44%1,867.44
19843394.001806.14%1,906.14
19844381.001743.25%1,843.25
19845377.001723.90%1,823.90
19846378.001728.74%1,828.74
19847348.001583.60%1,683.60
19848348.001583.60%1,683.60
19849340.001544.90%1,644.90
198410341.001549.73%1,649.73
198411342.001554.57%1,654.57
198412320.001448.14%1,548.14
19851303.001365.89%1,465.89
19852299.001346.54%1,446.54
19853314.001419.11%1,519.11
19854327.001482.00%1,582.00
19855316.001428.79%1,528.79
19856317.001433.62%1,533.62
19857317.001433.62%1,533.62
19858330.001496.52%1,596.52
19859323.001462.65%1,562.65
198510326.001477.16%1,577.16
198511322.001457.81%1,557.81
198512322.001457.81%1,557.81
19861347.001578.76%1,678.76
19862339.001540.06%1,640.06
19863346.001573.92%1,673.92
19864340.001544.90%1,644.90
19865342.001554.57%1,654.57
19866343.001559.41%1,659.41
19867348.001583.60%1,683.60
19868377.001723.90%1,823.90
19869418.001922.25%2,022.25
198610424.001951.28%2,051.28
198611398.001825.50%1,925.50
198612391.001791.63%1,891.63
19871408.001873.88%1,973.88
19872401.001840.01%1,940.01
19873409.001878.71%1,978.71
19874438.002019.01%2,119.01
19875460.002125.45%2,225.45
19876450.002077.07%2,177.07
19877451.002081.91%2,181.91
19878461.002130.29%2,230.29
19879460.002125.45%2,225.45
198710465.002149.64%2,249.64
198711468.002164.15%2,264.15
198712486.002251.23%2,351.23
19881477.002207.69%2,307.69
19882442.002038.36%2,138.36
19883444.002048.04%2,148.04
19884452.002086.74%2,186.74
19885451.002081.91%2,181.91
19886451.002081.91%2,181.91
19887438.002019.01%2,119.01
19888431.001985.15%2,085.15
19889413.001898.06%1,998.06
198810407.001869.04%1,969.04
198811420.001931.93%2,031.93
198812419.001927.09%2,027.09
19891404.001854.52%1,954.52
19892388.001777.12%1,877.12
19893390.001786.79%1,886.79
19894384.001757.76%1,857.76
19895371.001694.87%1,794.87
19896368.001680.36%1,780.36
19897375.001714.22%1,814.22
19898365.001665.84%1,765.84
19899362.001651.33%1,751.33
198910367.001675.52%1,775.52
198911394.001806.14%1,906.14
198912409.001878.71%1,978.71
19901410.001883.55%1,983.55
19902417.001917.42%2,017.42
19903393.001801.31%1,901.31
19904374.001709.39%1,809.39
19905369.001685.20%1,785.20
19906352.001602.95%1,702.95
19907363.001656.17%1,756.17
19908395.001810.98%1,910.98
19909389.001781.95%1,881.95
199010381.001743.25%1,843.25
199011382.001748.09%1,848.09
199012377.001723.90%1,823.90
19911384.001757.76%1,857.76
19912364.001661.01%1,761.01
19913363.001656.17%1,756.17
19914358.001631.98%1,731.98
19915357.001627.14%1,727.14
19916367.001675.52%1,775.52
19917368.001680.36%1,780.36
19918356.001622.30%1,722.30
19919349.001588.44%1,688.44
199110359.001636.82%1,736.82
199111360.001641.65%1,741.65
199112362.001651.33%1,751.33
19921354.001612.63%1,712.63
19922354.001612.63%1,712.63
19923344.001564.25%1,664.25
19924339.001540.06%1,640.06
19925337.001530.38%1,630.38
19926341.001549.73%1,649.73
19927353.001607.79%1,707.79
19928343.001559.41%1,659.41
19929345.001569.09%1,669.09
199210344.001564.25%1,664.25
199211335.001520.71%1,620.71
199212335.001520.71%1,620.71
19931329.001491.68%1,591.68
19932329.001491.68%1,591.68
19933330.001496.52%1,596.52
19934342.001554.57%1,654.57
19935367.001675.52%1,775.52
19936372.001699.71%1,799.71
19937392.001796.47%1,896.47
19938379.001733.58%1,833.58
19939355.001617.46%1,717.46
199310364.001661.01%1,761.01
199311374.001709.39%1,809.39
199312383.001752.93%1,852.93
19941387.001772.28%1,872.28
19942382.001748.09%1,848.09
19943384.001757.76%1,857.76
19944377.001723.90%1,823.90
19945381.001743.25%1,843.25
19946386.001767.44%1,867.44
19947385.001762.60%1,862.60
19948380.001738.41%1,838.41
19949392.001796.47%1,896.47
199410390.001786.79%1,886.79
199411384.001757.76%1,857.76
199412379.001733.58%1,833.58
19951379.001733.58%1,833.58
19952377.001723.90%1,823.90
19953382.001748.09%1,848.09
19954391.001791.63%1,891.63
19955385.001762.60%1,862.60
19956388.001777.12%1,877.12
19957386.001767.44%1,867.44
19958384.001757.76%1,857.76
19959383.001752.93%1,852.93
199510383.001752.93%1,852.93
199511385.001762.60%1,862.60
199512387.001772.28%1,872.28
19961399.001830.33%1,930.33
19962405.001859.36%1,959.36
19963396.001815.82%1,915.82
19964393.001801.31%1,901.31
19965392.001796.47%1,896.47
19966385.001762.60%1,862.60
19967383.001752.93%1,852.93
19968387.001772.28%1,872.28
19969383.001752.93%1,852.93
199610381.001743.25%1,843.25
199611378.001728.74%1,828.74
199612369.001685.20%1,785.20
19971355.001617.46%1,717.46
19972347.001578.76%1,678.76
19973352.001602.95%1,702.95
19974344.001564.25%1,664.25
19975344.001564.25%1,664.25
19976341.001549.73%1,649.73
19977324.001467.49%1,567.49
19978324.001467.49%1,567.49
19979323.001462.65%1,562.65
199710325.001472.33%1,572.33
199711306.001380.41%1,480.41
199712289.001298.16%1,398.16
19981289.001298.16%1,398.16
19982297.001336.87%1,436.87
19983296.001332.03%1,432.03
19984308.001390.08%1,490.08
19985299.001346.54%1,446.54
19986292.001312.68%1,412.68
19987293.001317.51%1,417.51
19988284.001273.97%1,373.97
19989289.001298.16%1,398.16
199810296.001332.03%1,432.03
199811294.001322.35%1,422.35
199812292.001312.68%1,412.68
19991287.001288.49%1,388.49
19992287.001288.49%1,388.49
19993286.001283.65%1,383.65
19994283.001269.13%1,369.13
19995276.001235.27%1,335.27
19996261.001162.70%1,262.70
19997256.001138.51%1,238.51
19998257.001143.35%1,243.35
19999265.001182.05%1,282.05
199910311.001404.60%1,504.60
199911293.001317.51%1,417.51
199912283.001269.13%1,369.13
20001284.001273.97%1,373.97
20002300.001351.38%1,451.38
20003286.001283.65%1,383.65
20004280.001254.62%1,354.62
20005275.001230.43%1,330.43
20006286.001283.65%1,383.65
20007282.001264.30%1,364.30
20008273.901225.11%1,325.11
20009277.001240.11%1,340.11
200010273.101221.24%1,321.24
200011263.901176.73%1,276.73
200012268.701199.95%1,299.95
20011268.401198.50%1,298.50
20012268.501198.98%1,298.98
20013265.201183.02%1,283.02
20014255.601136.57%1,236.57
20015264.401179.15%1,279.15
20016266.401188.82%1,288.82
20017269.401203.34%1,303.34
20018267.401193.66%1,293.66
20019271.601213.98%1,313.98
200110292.201313.64%1,413.64
200111279.701253.17%1,353.17
200112276.901239.62%1,339.62
20021278.901249.30%1,349.30
20022286.001283.65%1,383.65
20023298.001341.70%1,441.70
20024303.201366.86%1,466.86
20025309.101395.40%1,495.40
20026326.701480.55%1,580.55
20027314.001419.11%1,519.11
20028304.001370.73%1,470.73
20029313.401416.21%1,516.21
200210320.901452.49%1,552.49
200211318.801442.33%1,542.33
200212317.601436.53%1,536.53
20031346.101574.41%1,674.41
20032370.801693.90%1,793.90
20033349.201589.40%1,689.40
20034334.301517.32%1,617.32
20035342.101555.06%1,655.06
20036366.001670.68%1,770.68
20037351.401600.05%1,700.05
20038346.101574.41%1,674.41
20039373.201705.52%1,805.52
200310384.301759.22%1,859.22
200311377.001723.90%1,823.90
200312402.701848.23%1,948.23
20041424.401953.22%2,053.22
20042398.701828.88%1,928.88
20043399.301831.79%1,931.79
20044427.801969.67%2,069.67
20045387.001772.28%1,872.28
20046394.601809.05%1,909.05
20047396.001815.82%1,915.82
20048391.701795.02%1,895.02
20049408.801877.75%1,977.75
200410419.501929.51%2,029.51
200411427.301967.25%2,067.25
200412454.002096.42%2,196.42
20051428.701974.02%2,074.02
20052420.801935.80%2,035.80
20053432.901994.34%2,094.34
20054425.901960.47%2,060.47
20055429.501977.89%2,077.89
20056415.301909.19%2,009.19
20057427.801969.67%2,069.67
20058431.901989.50%2,089.50
20059442.302039.82%2,139.82
200510466.102154.96%2,254.96
200511458.802119.64%2,219.64
200512502.502331.06%2,431.06
20061530.702467.49%2,567.49
20062569.402654.72%2,754.72
20063563.502626.17%2,726.17
20064589.402751.48%2,851.48
20065657.503080.94%3,180.94
20066627.602936.28%3,036.28
20067627.302934.83%3,034.83
20068646.303026.75%3,126.75
20069624.402920.80%3,020.80
200610597.702791.63%2,891.63
200611616.602883.07%2,983.07
200612644.703019.01%3,119.01
20071635.202973.05%3,073.05
20072657.403080.45%3,180.45
20073662.303104.16%3,204.16
20074665.703120.61%3,220.61
20075674.403162.70%3,262.70
20076671.203147.22%3,247.22
20077656.503076.10%3,176.10
20078663.603110.45%3,210.45
20079682.503201.89%3,301.89
200710747.203514.90%3,614.90
200711790.703725.35%3,825.35
200712788.303713.74%3,813.74
20081857.004046.11%4,146.11
20082908.704296.23%4,396.23
20083981.504648.43%4,748.43
20084882.904171.41%4,271.41
20085848.904006.92%4,106.92
20086892.904219.79%4,319.79
20087942.504459.75%4,559.75
20088909.004297.68%4,397.68
20089805.003794.53%3,894.53
200810880.704160.76%4,260.76
200811725.403409.43%3,509.43
200812774.603647.46%3,747.46
20091878.804151.57%4,251.57
20092906.704286.55%4,386.55
20093939.004442.82%4,542.82
20094926.104380.41%4,480.41
20095887.604194.15%4,294.15
20096978.604634.40%4,734.40
20097941.004452.49%4,552.49
20098956.604527.96%4,627.96
20099954.704518.77%4,618.77
200910999.504735.51%4,835.51
2009111,053.404996.27%5,096.27
2009121,199.105701.16%5,801.16
201011,117.705307.35%5,407.35
201021,104.305242.53%5,342.53
201031,117.805307.84%5,407.84
201041,125.105343.15%5,443.15
201051,182.705621.82%5,721.82
201061,224.805825.50%5,925.50
201071,206.305735.99%5,835.99
201081,183.405625.21%5,725.21
201091,246.305929.51%6,029.51
2010101,316.106267.20%6,367.20
2010111,350.206432.17%6,532.17
2010121,387.306611.66%6,711.66
201111,422.606782.44%6,882.44
201121,339.606380.89%6,480.89
201131,430.706821.63%6,921.63
201141,428.106809.05%6,909.05
201151,556.707431.20%7,531.20
201161,542.407362.02%7,462.02
201171,482.307071.26%7,171.26
201181,619.007732.61%7,832.61
201191,826.008734.06%8,834.06
2011101,656.007911.61%8,011.61
2011111,711.008177.70%8,277.70
2011121,735.308295.26%8,395.26
201211,599.707639.24%7,739.24
201221,747.108352.35%8,452.35
201231,721.108226.56%8,326.56
201241,677.508015.63%8,115.63
201251,661.707939.19%8,039.19
201261,620.507739.86%7,839.86
201271,597.207627.14%7,727.14
201281,603.707658.59%7,758.59
201291,692.908090.13%8,190.13
2012101,780.508513.93%8,613.93
2012111,714.108192.69%8,292.69
2012121,719.608219.30%8,319.30
201311,687.908065.94%8,165.94
201321,669.407976.44%8,076.44
201331,571.907504.74%7,604.74
201341,600.007640.69%7,740.69
201351,446.306897.10%6,997.10
201361,411.706729.70%6,829.70
201371,255.905975.96%6,075.96
201381,311.006242.53%6,342.53
201391,412.006731.16%6,831.16
2013101,286.006121.58%6,221.58
2013111,313.106252.69%6,352.69
2013121,222.305813.40%5,913.40
201411,225.005826.46%5,926.46
201421,260.405997.73%6,097.73
201431,350.106431.69%6,531.69
201441,279.606090.61%6,190.61
201451,283.106107.55%6,207.55
201461,243.705916.93%6,016.93
201471,326.406317.03%6,417.03
201481,293.606158.35%6,258.35
201491,263.706013.69%6,113.69
2014101,214.605776.15%5,876.15
2014111,169.405557.47%5,657.47
2014121,218.005792.60%5,892.60
201511,186.005637.78%5,737.78
201521,276.206074.17%6,174.17
201531,207.705742.77%5,842.77
201541,208.105744.70%5,844.70
201551,174.505582.15%5,682.15
201561,188.305648.91%5,748.91
201571,169.005555.54%5,655.54
201581,089.405170.44%5,270.44
201591,138.705408.95%5,508.95
2015101,114.205290.42%5,390.42
2015111,135.805394.92%5,494.92
2015121,063.805046.59%5,146.59
201611,075.105101.26%5,201.26
201621,127.905356.70%5,456.70
201631,230.305852.10%5,952.10
201641,222.205812.92%5,912.92
201651,294.706163.67%6,263.67
201661,211.905763.09%5,863.09
201671,336.706366.86%6,466.86
201681,351.406437.98%6,537.98
201691,312.206248.33%6,348.33
2016101,309.006232.85%6,332.85
2016111,286.406123.51%6,223.51
2016121,166.905545.38%5,645.38
201711,160.405513.93%5,613.93
201721,205.605732.61%5,832.61
201731,248.905942.09%6,042.09
201741,250.805951.28%6,051.28
201751,253.305963.38%6,063.38
201761,267.006029.66%6,129.66
201771,217.905792.11%5,892.11
201781,272.606056.75%6,156.75
201791,324.506307.84%6,407.84
2017101,272.706057.23%6,157.23
2017111,274.106064.01%6,164.01
2017121,278.806086.74%6,186.74
201811,313.706255.59%6,355.59
201821,344.306403.63%6,503.63
201831,302.906203.34%6,303.34
201841,342.106392.99%6,492.99
201851,303.806207.69%6,307.69
201861,294.806164.15%6,264.15
201871,239.805898.06%5,998.06
201881,217.905792.11%5,892.11
201891,192.705670.20%5,770.20
2018101,187.105643.11%5,743.11
2018111,236.005879.68%5,979.68
2018121,233.905869.52%5,969.52
201911,281.006097.39%6,197.39
201921,316.906271.07%6,371.07
201931,296.406171.89%6,271.89
201941,288.406133.19%6,233.19
201951,281.406099.32%6,199.32
201961,322.706299.13%6,399.13
201971,385.606603.43%6,703.43
201981,420.906774.21%6,874.21
201991,545.907378.96%7,478.96
2019101,482.007069.81%7,169.81
2019111,508.007195.60%7,295.60
2019121,462.306974.50%7,074.50
202011,524.507275.42%7,375.42
202021,577.207530.38%7,630.38
202031,592.307603.43%7,703.43
202041,578.207535.22%7,635.22
202051,694.508097.87%8,197.87
202061,737.808307.35%8,407.35
202071,773.208478.62%8,578.62
202081,966.009411.37%9,511.37
202091,968.209422.01%9,522.01
2020101,908.409132.70%9,232.70
2020111,890.409045.62%9,145.62
2020121,814.108676.49%8,776.49
202111,944.709308.32%9,408.32
202121,860.808902.42%9,002.42
202131,722.508233.33%8,333.33
202141,726.508252.69%8,352.69
202151,791.408566.67%8,666.67
202161,902.909106.10%9,206.10
202171,775.908491.68%8,591.68
202181,818.108695.84%8,795.84
202191,813.108671.65%8,771.65
2021101,757.008400.24%8,500.24
2021111,795.108584.57%8,684.57
2021121,781.608519.25%8,619.25
202211,799.408605.37%8,705.37
202221,800.308609.72%8,709.72
202231,942.409297.19%9,397.19
202241,919.109184.47%9,284.47
202251,861.808907.26%9,007.26
202261,843.308817.76%8,917.76
202271,798.908602.95%8,702.95
202281,769.008458.30%8,558.30
202291,696.608108.03%8,208.03
2022101,692.908090.13%8,190.13
2022111,645.007858.39%7,958.39
2022121,801.108613.59%8,713.59
202311,839.708800.34%8,900.34
202321,927.809226.56%9,326.56
202331,837.708790.66%8,890.66
202341,983.909497.97%9,597.97
202351,983.409495.55%9,595.55
202361,978.009469.42%9,569.42
202371,921.709197.05%9,297.05
202381,940.709288.97%9,388.97
202391,939.809284.62%9,384.62
2023101,830.008753.41%8,853.41
2023111,978.809473.29%9,573.29
2023122,071.009919.35%10,019.35
202412,064.409887.42%9,987.42
202422,053.009832.27%9,932.27
202432,086.909996.27%10,096.27
202442,236.5010720.03%10,820.03
202452,299.9011026.75%11,126.75
202462,346.6011252.69%11,352.69
202472,327.6011160.76%11,260.76
202482,435.0011680.36%11,780.36
202492,489.9011945.96%12,045.96
2024102,667.3012804.21%12,904.21
2024112,738.6013149.15%13,249.15
2024122,634.9012647.46%12,747.46
202512,658.9012763.57%12,863.57
202522,833.9013610.21%13,710.21
202532,890.2013882.58%13,982.58
202543,118.9014989.02%15,089.02
202553,210.0015429.75%15,529.75
202563,370.6016206.72%16,306.72
202573,336.7016042.72%16,142.72
202583,347.7016095.94%16,195.94
202593,549.4017071.75%17,171.75
2025103,867.5018610.69%18,710.69
2025114,000.3019253.17%19,353.17
2025124,239.3020409.43%20,509.43
202614,314.4020772.76%20,872.76
202624,622.5022263.33%22,363.33
202635,294.4025513.93%25,613.93
202644,783.2023040.78%23,140.78
202654,629.9022299.13%22,399.13
202664,475.2021550.70%21,650.70
202674,068.3019582.15%19,682.15
202684,033.7019414.76%19,514.76
Click to show 1238 more rows

Gold vs S&P 500

Wondering how gold compares to the stock market? Use our S&P 500 calculator to compare returns over the same period.

Data Sources

Gold prices since August 2000 are CME Group gold futures (GC) via Yahoo Finance. Earlier prices are World Bank monthly averages from 1960, and the official U.S. price of gold before that. Inflation data is from the U.S. Bureau of Labor Statistics' monthly CPI logs.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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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Gold from 1923 to 2026
Start Price
January 1923
$20.67
End Price
August 2026
$4,033.70
Nominal return +19,414.76%
+5.22% / yr
Inflation-adjusted return +878.71%
+2.23% / yr
Final amount, nominal
($100 base)
$19,514.76
Final amount, inflation-adjusted
($100 base)
$978.71