Gold Price in 1983
The gold price fell 16.3% in 1983, from $456.90 at the end of 1982 to $382.40. Its highest close was $509.25 on Feb 15, and its lowest $374.25 on Nov 21. The biggest one-day fall was −12.1% on Feb 28 and the biggest rise +4.8% on Nov 28. Adjusted for inflation, it lost 19.4%.
Gold Price, daily closes 1983
Numbers mark the events belowKey Events in 1983
What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.
- 1
Monday, February 28 From the dataBiggest one-day fall of the year: −12.1%.
- 2
Tuesday, June 7 From the dataEnters a bear market: 20% below its peak of $509.25 (February 15, 1983).
- 3
Monday, November 28 From the dataBiggest one-day rise of the year: +4.8%.
Biggest days of 1983
| Best days | Worst days | ||
|---|---|---|---|
| Nov 28 | +4.8% | Feb 28 | −12.1% |
| Mar 2 | +3.9% | Jun 1 | −6.3% |
| Nov 30 | +3.4% | Mar 4 | −4.0% |
| Jul 8 | +3.3% | Oct 3 | −4.0% |
| Jan 17 | +3.2% | Feb 22 | −3.8% |
Volatility: 25.0% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $499.50 | +9.3% |
| Feb | $408.50 | −18.2% |
| Mar | $414.75 | +1.5% |
| Apr | $429.25 | +3.5% |
| May | $437.50 | +1.9% |
| Jun | $416.00 | −4.9% |
| Jul | $422.00 | +1.4% |
| Aug | $414.25 | −1.8% |
| Sep | $405.00 | −2.2% |
| Oct | $382.00 | −5.7% |
| Nov | $405.00 | +6.0% |
| Dec | $382.40 | −5.6% |
Other Markets in 1983
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Gold Price | −16.3% | $382.40 |
| Dow Jones Industrial Average in 1983 | +20.3% | 1,258.64 |
| S&P 500 in 1983 | +17.3% | 164.93 |
| Nasdaq Composite in 1983 | +19.9% | 278.60 |
| Silver in 1983 | −18.0% | $8.91 |
| US 10-year Treasury yield in 1983 | +1.46 pp | 11.82% |
Gold Price in 1983: FAQ
How much did the gold price fall in 1983?
The gold price fell 16.3% in 1983, from $456.90 at the end of 1982 to $382.40. Its highest close was $509.25 on Feb 15, and its lowest $374.25 on Nov 21. The biggest one-day fall was −12.1% on Feb 28 and the biggest rise +4.8% on Nov 28. Adjusted for inflation, it lost 19.4%.
What were the highest and lowest closes of the gold price in 1983?
Highest: $509.25 on February 15, 1983. Lowest: $374.25 on November 21, 1983. It closed higher on 128 of 252 trading days.
Data: London PM fix (LBMA) from 1968 to Sep 2017, COMEX gold futures closes after that. Before 1968 the official US price: $20.67 until Oct 1933, $35 from 31 Jan 1934. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpricein1983, author = {{Corgano}}, title = {Gold Price in 1983}, howpublished = {\url{https://goldprice.corgano.com/market-history/gold/1983}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}