The above statistic describes the annual average gold price between 1900 and 2017, in USD per troy ounce. In 2017, a troy ounce of gold had an annual average price of around 1,257.12 USD.
Gold market and industry
From 2012 to 2017, the annual average gold price dropped from 1,668.98 USD per troy ounce to 1,257.12 USD per troy ounce. The average price has grown significantly from the early 2000s with an annual average price of 279 USD per troy ounce in 2001 up to the record high in 2012. Similarly, the costs of mining gold have risen considerably in recent years.
