Gold Price in 1993

In 1993, the price of gold averaged $360 per troy ounce, up 4.7% from the year before. This page covers the 1993 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

1993 Average

$360

LBMA annual average, USD/oz

Change vs 1992

+4.7%

from $344 in 1992

1993 High

$414

from daily trading data

1993 Low

$326

from daily trading data

Year-End Close

$392

last trading day of 1993

What happened to the gold price in 1993

Gold averaged $360 per troy ounce in 1993, up 4.7% from $344 the year before. Daily trading data shows gold moved between a low of $326 and a high of $414 during the year, ending 1993 at $392.

The 1990s extended gold's long bear market. Low inflation, a roaring stock market, and steady central bank selling kept the metal drifting lower for most of the decade, and by 1999 gold had bottomed near $255 per ounce.

Adjusted for inflation, gold's 1993 average of $360 equals about $803 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 1993?

Gold averaged $360 per troy ounce in 1993, based on LBMA annual average data. Daily prices ranged from a low of $326 to a high of $414, and the year closed at $392. That average was up 4.7% from $344 in 1992.

What is a 1993 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 1993 average of $360 works out to roughly $803 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

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.