Gold Price in 1984
In 1984, the price of gold averaged $361 per troy ounce, down 14.9% from the year before. This page covers the 1984 average, high, low, and year-end close, and what that gold would be worth in today's dollars.
1984 Average
$361
LBMA annual average, USD/oz
Change vs 1983
-14.9%
from $424 in 1983
1984 High
$411
from daily trading data
1984 Low
$307
from daily trading data
Year-End Close
$310
last trading day of 1984
Gold Price Chart, 1974 to 1994
Gold Price by Month in 1984
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 1984 | $372 | $386 | $363 |
| February 1984 | $391 | $406 | $379 |
| March 1984 | $396 | $411 | $386 |
| April 1984 | $386 | $395 | $378 |
| May 1984 | $380 | $396 | $370 |
| June 1984 | $383 | $405 | $370 |
| July 1984 | $348 | $374 | $332 |
| August 1984 | $360 | $369 | $349 |
| September 1984 | $349 | $357 | $342 |
| October 1984 | $344 | $356 | $334 |
| November 1984 | $343 | $354 | $325 |
| December 1984 | $322 | $337 | $307 |
What happened to the gold price in 1984
Gold averaged $361 per troy ounce in 1984, down 14.9% from $424 the year before. Daily trading data shows gold moved between a low of $307 and a high of $411 during the year, ending 1984 at $310.
The 1980s marked the start of a two-decade bear market for gold. Paul Volcker's aggressive interest rate hikes broke the back of inflation and pushed real yields sharply higher, pulling capital out of bullion and into bonds and equities.
Adjusted for inflation, gold's 1984 average of $361 equals about $1,120 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of gold in 1984?
What is a 1984 gold price worth in today's dollars?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.