Gold Price in 1987
The gold price rose 24.5% in 1987, from $388.75 at the end of 1986 to $484.10. Its highest close was $499.75 on Dec 14, and its lowest $390.00 on Feb 18. The biggest one-day fall was −4.6% on Apr 28 and the biggest rise +3.8% on Jan 2. Adjusted for inflation, it gained 19.2%.
Gold Price, daily closes 1987
Numbers mark the events belowKey Events in 1987
What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.
- 1
Friday, January 2 From the dataBiggest one-day rise of the year: +3.8%.
- 2
Sunday, February 22Major finance ministers sign the Louvre Accord to stabilize the dollar. SourceGold: +0.9% next trading day (Feb 23) · +2.1% a month later
- 3
Tuesday, April 28 From the dataBiggest one-day fall of the year: −4.6%.
- 4
Monday, October 19Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. SourceGold: +3.4% that day · −0.7% a month later
Biggest days of 1987
| Best days | Worst days | ||
|---|---|---|---|
| Jan 2 | +3.8% | Apr 28 | −4.6% |
| Oct 19 | +3.4% | May 26 | −3.8% |
| Nov 30 | +2.9% | Oct 20 | −3.5% |
| Jun 2 | +2.7% | Jan 23 | −2.5% |
| Apr 27 | +2.7% | Jun 22 | −2.4% |
Volatility: 16.9% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $400.50 | +3.0% |
| Feb | $405.85 | +1.3% |
| Mar | $421.00 | +3.7% |
| Apr | $453.25 | +7.7% |
| May | $451.00 | −0.5% |
| Jun | $447.30 | −0.8% |
| Jul | $462.50 | +3.4% |
| Aug | $453.40 | −2.0% |
| Sep | $459.50 | +1.3% |
| Oct | $468.80 | +2.0% |
| Nov | $492.50 | +5.1% |
| Dec | $484.10 | −1.7% |
Other Markets in 1987
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Gold Price | +24.5% | $484.10 |
| Dow Jones Industrial Average in 1987 | +2.3% | 1,938.83 |
| S&P 500 in 1987 | +2.0% | 247.08 |
| Nasdaq Composite in 1987 | −5.2% | 330.50 |
| Nikkei 225 in 1987 | +14.6% | 21,564.00 |
| Silver in 1987 | +26.9% | $6.70 |
| WTI crude oil in 1987 | −6.6% | $16.74 |
| US 10-year Treasury yield in 1987 | +1.60 pp | 8.83% |
Gold Price in 1987: FAQ
How much did the gold price rise in 1987?
The gold price rose 24.5% in 1987, from $388.75 at the end of 1986 to $484.10. Its highest close was $499.75 on Dec 14, and its lowest $390.00 on Feb 18. The biggest one-day fall was −4.6% on Apr 28 and the biggest rise +3.8% on Jan 2. Adjusted for inflation, it gained 19.2%.
What were the highest and lowest closes of the gold price in 1987?
Highest: $499.75 on December 14, 1987. Lowest: $390.00 on February 18, 1987. It closed higher on 135 of 253 trading days.
What happened to the gold price on October 19, 1987?
Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. The gold price rose 3.4% that day, and was −0.7% 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{corgano2026goldpricein1987, author = {{Corgano}}, title = {Gold Price in 1987}, howpublished = {\url{https://goldprice.corgano.com/market-history/gold/1987}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}