Gold Price in 1976
The gold price fell 4.1% in 1976, from $140.25 at the end of 1975 to $134.50. Its highest close was $140.35 on Jan 2, and its lowest $103.50 on Aug 25. The biggest one-day fall was −5.6% on Jul 20 and the biggest rise +5.8% on Sep 6. Adjusted for inflation, it lost 8.5%.
Gold Price, daily closes 1976
Numbers mark the events belowKey Events in 1976
What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.
- 1
Thursday, January 8IMF Interim Committee meeting in Jamaica ends with the Jamaica Accords on floating rates and gold. SourceGold: −1.8% that day · −6.9% a month later
- 2
Wednesday, June 2IMF holds its first gold auction to sell part of its gold holdings. SourceGold: +0.2% that day · −2.3% a month later
- 3
Tuesday, July 20 From the dataBiggest one-day fall of the year: −5.6%.
- 4
Wednesday, August 25 From the dataBear market low: $103.50, 47.0% below the peak.
- 5
Monday, September 6 From the dataBiggest one-day rise of the year: +5.8%.
- 6
Tuesday, November 2Jimmy Carter is elected US president. SourceGold: +2.7% next trading day (Nov 3) · +6.7% a month later
Biggest days of 1976
| Best days | Worst days | ||
|---|---|---|---|
| Sep 6 | +5.8% | Jul 20 | −5.6% |
| Jul 21 | +4.9% | Nov 16 | −4.1% |
| Sep 17 | +4.8% | Aug 18 | −3.6% |
| Nov 10 | +4.4% | Sep 20 | −3.4% |
| Oct 28 | +4.2% | Jan 13 | −3.4% |
Volatility: 21.9% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $128.15 | −8.6% |
| Feb | $132.30 | +3.2% |
| Mar | $129.60 | −2.0% |
| Apr | $128.40 | −0.9% |
| May | $125.50 | −2.3% |
| Jun | $123.80 | −1.4% |
| Jul | $112.50 | −9.1% |
| Aug | $104.00 | −7.6% |
| Sep | $116.00 | +11.5% |
| Oct | $123.15 | +6.2% |
| Nov | $130.25 | +5.8% |
| Dec | $134.50 | +3.3% |
Other Markets in 1976
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Gold Price | −4.1% | $134.50 |
| Dow Jones Industrial Average in 1976 | +17.9% | 1,004.65 |
| S&P 500 in 1976 | +19.1% | 107.46 |
| Nasdaq Composite in 1976 | +26.1% | 97.88 |
| Silver in 1976 | +4.2% | $4.36 |
| US 10-year Treasury yield in 1976 | −0.95 pp | 6.81% |
Gold Price in 1976: FAQ
How much did the gold price fall in 1976?
The gold price fell 4.1% in 1976, from $140.25 at the end of 1975 to $134.50. Its highest close was $140.35 on Jan 2, and its lowest $103.50 on Aug 25. The biggest one-day fall was −5.6% on Jul 20 and the biggest rise +5.8% on Sep 6. Adjusted for inflation, it lost 8.5%.
What were the highest and lowest closes of the gold price in 1976?
Highest: $140.35 on January 2, 1976. Lowest: $103.50 on August 25, 1976. It closed higher on 119 of 252 trading days.
What happened to the gold price on November 2, 1976?
Jimmy Carter is elected US president. The gold price rose 2.7% on the next trading day (November 3, 1976), and was +6.7% a month later.
Data: London PM fix (LBMA) from 1968 to Sep 2017, COMEX gold futures closes after that. Before 1968 the official US price: $20.67 until Oct 1933, $35 from 31 Jan 1934. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpricein1976, author = {{Corgano}}, title = {Gold Price in 1976}, howpublished = {\url{https://goldprice.corgano.com/market-history/gold/1976}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}