Gold averaged $94.04 an ounce in 1973, rising 67.0% over the year. Gold's free-market price climbed sharply as the dollar was devalued again and the oil crisis drove inflation higher.
| Month | Average | High | Low |
|---|---|---|---|
| January | $63.96 | $65.14 | $63.91 |
| February | $65.59 | $74.20 | $65.14 |
| March | $74.66 | $84.37 | $74.20 |
| April | $84.66 | $90.50 | $84.37 |
| May | $91.00 | $101.96 | $90.50 |
| June | $102.82 | $120.12 | $101.96 |
| July | $120.12 | $120.17 | $120.12 |
| August | $119.59 | $120.17 | $106.76 |
| September | $106.57 | $106.76 | $102.97 |
| October | $102.84 | $102.97 | $100.08 |
| November | $99.84 | $100.08 | $94.82 |
| December | $95.39 | $106.72 | $94.82 |
Gold averaged $94.04 per troy ounce in 1973. It opened the year at $63.91 and closed at $106.72.
Gold's highest daily price in 1973 was $120.17 on July 31; its lowest was $63.91 on January 1.
Adjusted for US consumer price inflation, 1973's average gold price of $94.04 equals about $707 in today's dollars.
At 1973's average price, $1,000 bought about 10.63 ounces of gold, worth $44,601 at today's price of $4,194.40.