Catalog year: 1999

According to the United States Geological Survey (USGS): In 1999, world gold production was approximately 2,570 tonnes. World silver production in 1999 was approximately 18,200 tonnes.
The average gold price in 1999 was about $279 per ounce. However, prices fluctuated throughout the year, reaching a low of about $253 in August and a high of about $325 in October.
The average silver price in 1999 was about $5.22 per ounce. Silver prices also fluctuated throughout the year, reaching a low of about $4.59 in January and a high of about $5.75 in August.
1999 was notable for the fact that gold prices reached a 20-year low. This was due to a number of factors, including central bank sell-offs of gold and general economic optimism.
This year also saw a rise in interest in platinum bullion coins, although they were not as widely distributed as gold and silver ones.
1999 was the last year before the start of a long rally in precious metals prices that lasted until 2011.
This year, many central banks in European countries signed agreements to limit the sale of gold from their reserves, which subsequently helped stabilize the market.
1999 was an interesting period for the precious metals and bullion coin market, characterized by low gold and silver prices, but stable demand for bullion coins.