To provide a golf club head which has performance matching that of a conventional head made of a titanium alloy and is inexpensive, or which has performance excelling that of a conventional head made of a titanium alloy.

This golf club head is manufactured by forging method using a titanium alloy containing 0.5wt.% or more iron and having an intermetallic compound of titanium and iron precipitated on its matrix. In this case, a desired example of the titanium alloy is an alloy with an iron content of 0.5 to 2wt.%, an oxygen content of not more than 1wt.%, and a nitrogen content of not more than 0.5wt.%.