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Gold Price in 1982

The gold price rose 14.9% in 1982, from $397.50 at the end of 1981 to $456.90. Its highest close was $481.00 on Sep 7, and its lowest $296.75 on Jun 21. The biggest one-day fall was −5.4% on May 4 and the biggest rise +11.0% on Sep 3. Adjusted for inflation, it gained 10.7%.

Change in 1982
+14.9%
$397.50 → $456.90
High
$481.00
Sep 7
Low
$296.75
Jun 21
After inflation
+10.7%
US CPI
Up days
121 of 251
longest run 7 up, 8 down
Below record
-46.2%
at the end of 1982

Gold Price, daily closes 1982

Numbers mark the events below
$314$389$464JanFebMarAprMayJunJulAugSepOctNovDec1May 4: Biggest one-day fall of the year: −5.4%.2Jun 21: Bear market low: $296.75, 58.3% below the peak.3Aug 13: Mexico encounters serious problems servicing its foreign debt, marking the onset of the debt crisis.4Sep 3: Biggest one-day rise of the year: +11.0%.

Key Events in 1982

What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.

  1. 1
    Tuesday, May 4 From the data
    Biggest one-day fall of the year: −5.4%.
  2. 2
    Monday, June 21 From the data
    Bear market low: $296.75, 58.3% below the peak.
  3. 3
    Friday, August 13
    Mexico encounters serious problems servicing its foreign debt, marking the onset of the debt crisis. Source
    Gold: +1.0% that day · +31.1% a month later
  4. 4
    Friday, September 3 From the data
    Biggest one-day rise of the year: +11.0%.

Biggest days of 1982

Best daysWorst days
Sep 3+11.0%May 4−5.4%
Aug 20+8.4%Sep 8−4.8%
Aug 18+5.9%Oct 20−4.4%
Jul 21+5.4%Sep 27−4.0%
Jul 9+4.8%Apr 20−3.9%

Volatility: 34.0% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$387.00−2.6%$403.50$371.50
Feb$362.60−6.3%$384.25$361.00
Mar$320.00−11.7%$361.25$312.00
Apr$361.25+12.9%$366.75$327.00
May$325.25−10.0%$342.50$324.25
Jun$317.50−2.4%$328.75$296.75
Jul$342.90+8.0%$366.50$306.75
Aug$411.50+20.0%$418.00$333.50
Sep$397.00−3.5%$481.00$397.00
Oct$423.25+6.6%$448.00$387.50
Nov$436.00+3.0%$436.00$398.00
Dec$456.90+4.8%$460.50$435.75

Other Markets in 1982

Change over the calendar year.

MarketChangeYear-end
Gold Price+14.9%$456.90
Dow Jones Industrial Average in 1982+19.6%1,046.54
S&P 500 in 1982+14.8%140.64
Nasdaq Composite in 1982+18.7%232.41
Silver in 1982+33.3%$10.87
US 10-year Treasury yield in 1982−3.62 pp10.36%
1980198119821983198419851986198719881989

Gold Price in 1982: FAQ

How much did the gold price rise in 1982?

The gold price rose 14.9% in 1982, from $397.50 at the end of 1981 to $456.90. Its highest close was $481.00 on Sep 7, and its lowest $296.75 on Jun 21. The biggest one-day fall was −5.4% on May 4 and the biggest rise +11.0% on Sep 3. Adjusted for inflation, it gained 10.7%.

What were the highest and lowest closes of the gold price in 1982?

Highest: $481.00 on September 7, 1982. Lowest: $296.75 on June 21, 1982. It closed higher on 121 of 251 trading days.

What happened to the gold price on August 13, 1982?

Mexico encounters serious problems servicing its foreign debt, marking the onset of the debt crisis. The gold price rose 1.0% that day, and was +31.1% a month later.

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.