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Market open
Gold4,117.75−0.52%Silver57.46−0.85%Platinum1,608.51−1.34%Palladium1,076.35−1.59%
Gold/Silver71.67
DXY101.68−0.10%
US10Y5.15%+0.57%
WTI98.01+0.89%
S&P 5007,757+0.58%
Dow52,856+0.69%
Bitcoin84,158+0.16%
VIX16.68−3.64%

Gold Price in 1993

The gold price rose 17.7% in 1993, from $332.90 at the end of 1992 to $391.75. Its highest close was $405.60 on Aug 2, and its lowest $326.10 on Mar 10. The biggest one-day fall was −3.7% on Aug 5 and the biggest rise +3.8% on May 19. Adjusted for inflation, it gained 14.5%.

Change in 1993
+17.7%
$332.90 → $391.75
High
$405.60
Aug 2
Low
$326.10
Mar 10
After inflation
+14.5%
US CPI
Up days
134 of 252
longest run 7 up, 5 down
Below record
-53.9%
at the end of 1993

Gold Price, daily closes 1993

Numbers mark the events below
$334$366$398JanFebMarAprMayJunJulAugSepOctNovDec1Mar 10: Bear market low: $326.10, 34.7% below the peak.2May 19: Biggest one-day rise of the year: +3.8%.3Aug 5: Biggest one-day fall of the year: −3.7%.4Nov 1: Maastricht Treaty enters into force, establishing the European Union.5Dec 8: President Clinton signs the North American Free Trade Agreement Implementation Act.

Key Events in 1993

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

  1. 1
    Wednesday, March 10 From the data
    Bear market low: $326.10, 34.7% below the peak.
  2. 2
    Wednesday, May 19 From the data
    Biggest one-day rise of the year: +3.8%.
  3. 3
    Thursday, August 5 From the data
    Biggest one-day fall of the year: −3.7%.
  4. 4
    Monday, November 1
    Maastricht Treaty enters into force, establishing the European Union. Source
    Gold: −1.7% that day · +0.4% a month later
  5. 5
    Wednesday, December 8
    President Clinton signs the North American Free Trade Agreement Implementation Act. Source
    Gold: +1.4% that day · +2.3% a month later

Biggest days of 1993

Best daysWorst days
May 19+3.8%Aug 5−3.7%
May 13+3.0%Sep 7−2.6%
Jul 2+2.4%Aug 13−2.3%
Nov 4+2.3%Jun 2−2.2%
Jul 30+2.0%Aug 6−2.2%

Volatility: 13.5% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$330.45−0.7%$330.90$327.55
Feb$327.60−0.9%$332.00$327.60
Mar$337.80+3.1%$337.80$326.10
Apr$354.30+4.9%$355.60$336.35
May$377.45+6.5%$381.90$354.25
Jun$378.45+0.3%$378.45$363.00
Jul$401.75+6.2%$401.75$379.00
Aug$371.55−7.5%$405.60$367.60
Sep$355.50−4.3%$369.25$343.70
Oct$369.60+4.0%$374.50$351.75
Nov$370.90+0.4%$378.40$363.00
Dec$391.75+5.6%$391.75$373.10

Other Markets in 1993

Change over the calendar year.

MarketChangeYear-end
Gold Price+17.7%$391.75
Dow Jones Industrial Average in 1993+13.7%3,754.09
S&P 500 in 1993+7.1%466.45
Nasdaq Composite in 1993+14.7%776.80
Russell 2000 in 1993+17.0%258.59
Nikkei 225 in 1993+2.9%17,417.00
Silver in 1993+39.4%$5.12
WTI crude oil in 1993−27.2%$14.19
Brent crude oil in 1993−26.2%$13.18
US 10-year Treasury yield in 1993−0.87 pp5.83%
1990199119921993199419951996199719981999

Gold Price in 1993: FAQ

How much did the gold price rise in 1993?

The gold price rose 17.7% in 1993, from $332.90 at the end of 1992 to $391.75. Its highest close was $405.60 on Aug 2, and its lowest $326.10 on Mar 10. The biggest one-day fall was −3.7% on Aug 5 and the biggest rise +3.8% on May 19. Adjusted for inflation, it gained 14.5%.

What were the highest and lowest closes of the gold price in 1993?

Highest: $405.60 on August 2, 1993. Lowest: $326.10 on March 10, 1993. It closed higher on 134 of 252 trading days.

What happened to the gold price on November 1, 1993?

Maastricht Treaty enters into force, establishing the European Union. The gold price fell 1.7% that day, and was +0.4% 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.