Great Britain
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Lawrence H. The fluctuation of the gold price was remarkably moderate. From July 2003 to July 2004 the gold price fluctuated between $ 342.50 and $ 427.25 per fine ounce. If we take $ 400 as today's price (July 2004), £1 of the year 1709 could buy as much gold as $ 91.98, € 75.92 or £ 50.18 today. |
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Year | 1663- | 1696- | 1699- | 1717 | 1718 | 1719 | 1720 | 1721 | 1722 | 1723 | 1724 | 1725 | 1726 | 1727 | 1728 | 1729 | 1730 |
Standard ounce | £3 18s 11.00d |
£3 18s 0.04d |
£3 18s 11.66d |
£3 18s 11.66d |
£3 17s 11.22d |
£3 18s 1.02d |
£3 17s 11.36d |
£3 17s 11.04d |
£3 17s 10.23d |
£3 17s 10.08d |
£3 18s 5.61d |
£3 18s 9.68d |
£3 18s 7.74d |
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Fine ounce | 4.045 | 4.450 | 4.349 | 4.248 | 4.305 | 4.255 | 4.308 | 4.264 | 4.251 | 4.259 | 4.252 | 4.250 | 4.246 | 4.246 | 4.280 | 4.299 | 4.290 |
Source: Lawrence H. Officer, "What Was the Gold Price Then?" Economic History Services, EH.Net, 2002. URL: http://www.eh.net/hmit/goldprice/