Despite the dramatic rise in prices in recent years, gold prices languished for much of recorded history. When the strength of the dollar increases and inflation decreases, interest rates can be expected to fall at the same time as gold prices. The following chart shows the price of gold since 1968, with some notable events in the gold market. Emperor Augustus, who reigned in ancient Rome from 31 BC.
C. In 14 AD, he set the price of gold between 40 and 42 coins per pound. When people refer to the spot price of gold, they are simply referring to the price at which you could buy gold at that time.