Gold Price in 1983
In 1983, the LBMA gold price fell 23.4% — from $500 at the start of the year to $382 by year-end. It reached a high of $500 in January and a low of $382 in October, averaging $418 for the year.
1983 gold price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $500 | $500 (January) | $382 (October) | $382 | $418 |
| GBP | £327 | £327 (January) | £256 (October) | £264 | £276 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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