Gold averaged $423.13 an ounce in 1983, falling 16.3% over the year.
| Month | Average | High | Low |
|---|---|---|---|
| January | $480.13 | $499.50 | $449.50 |
| February | $491.11 | $509.25 | $408.50 |
| March | $419.67 | $434.75 | $408.75 |
| April | $431.16 | $443.00 | $414.75 |
| May | $437.58 | $443.75 | $429.25 |
| June | $412.84 | $423.50 | $400.25 |
| July | $422.72 | $430.50 | $410.75 |
| August | $416.69 | $426.40 | $408.25 |
| September | $411.80 | $419.10 | $401.75 |
| October | $393.58 | $401.00 | $382.00 |
| November | $381.69 | $405.00 | $374.50 |
| December | $386.79 | $401.00 | $375.00 |
Gold averaged $423.13 per troy ounce in 1983. It opened the year at $456.90 and closed at $382.40.
Gold's highest daily price in 1983 was $509.25 on February 15; its lowest was $374.50 on November 21.
Adjusted for US consumer price inflation, 1983's average gold price of $423.13 equals about $1,420 in today's dollars.
At 1983's average price, $1,000 bought about 2.36 ounces of gold, worth $9,913 at today's price of $4,194.40.