Lowest Recent Gold Price

Author: Ian Davis - Chief Operations Officer

Published: 24 Jul 2019

Last Updated: 1 Feb 2023


The lowest sterling gold price of recent times was £712.03 set in December 2015 following a correction or bearish market after 2011.

Lowest Gold Prices in Recent Times

In dollar pricing the lowest gold price reached recently was on 3 Dec 2015 where the fix on the morning was £1050.60

The lowest sterling gold price of recent times was £694.186 set on the morning of 31st July 2015.

Prior to this the last memorable gold price low was set in dollars on the afternoon fix on 20th July 1999 when gold fixed at $252.80 US equivalent at the time to £161.091 in pounds sterling

Lowest Sterling Fix

The lowest recent gold price in pounds sterling based on the London Gold Fix was £157.033 on the a.m. fix of 10th September 1999, which was equivalent to $256.20 USD.

Different Lows

The reason there are two different "lows" is due to the differences in exchange rates on the relevant dates.

Good Investment

Anybody buying gold near its recent year "bottom" in 1999, could have sold at 2 1/2 times their cost price in May 2006 for a 150% profit. Not bad for a "defensive" investment!

Profit Update November 2010

The same investor buying gold at the 1999 bottom, could sell at 5.5 times his dollar cost in November 2010.

You may be interested in the following pages:

Highest Ever Sterling Gold Price

Highest Gold Prices Summary in 3 Currencies

The Gold Silver Ratio Chart

Live Gold Price Chart

Live Silver Price Chart

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