Monthly Archive · XAU/USD · Historical Era
Gold Price in March 1980
Daily international XAU/USD spot price archive for March 1980 — per ounce, per gram and per tola. Click any day below to view the full price card for that date.
Open
$553.58
$17.80/g · $207.60/tola
Close
$494.50
$15.90/g · $185.44/tola
High
$647.00
$20.80/g · $242.63/tola
Low
$481.50
$15.48/g · $180.57/tola
Closing price summary · March 1980
Avg / oz
$556.41
Close / gram
$15.899
Close / tola
$185.44
March 1980 Daily Gold Chart — XAU/USD
XAU/USD only for March 1980. Reliable historical exchange-rate data only extends back to 1 January 1990. For 1970–1989 we publish the verified international gold spot price (the global benchmark used by central banks and bullion dealers) but cannot accurately convert to PKR, INR, AED, SAR, GBP, EUR or other local currencies for these years. Month archives from 1990 onwards include full country-by-country price tables.
What happened in March 1980
- Mar
Volcker shock
Fed funds rate raised aggressively; Hunt brothers' silver position liquidated. Gold falls sharply.
Daily Gold Price — March 1980
$553.58
$17.80/g · $207.60/tola
$647.00
$20.80/g · $242.63/tola
$633.80
$20.38/g · $237.68/tola
$631.30
$20.30/g · $236.74/tola
$643.50
$20.69/g · $241.32/tola
$626.00
$20.13/g · $234.75/tola
$609.00
$19.58/g · $228.38/tola
$600.00
$19.29/g · $225.00/tola
$585.00
$18.81/g · $219.38/tola
$570.30
$18.34/g · $213.87/tola
$585.70
$18.83/g · $219.64/tola
$556.50
$17.89/g · $208.69/tola
$523.00
$16.81/g · $196.13/tola
$495.00
$15.91/g · $185.63/tola
$484.00
$15.56/g · $181.50/tola
$481.50
$15.48/g · $180.57/tola
$527.00
$16.94/g · $197.63/tola
$561.00
$18.04/g · $210.38/tola
$525.00
$16.88/g · $196.88/tola
$572.00
$18.39/g · $214.50/tola
$558.30
$17.95/g · $209.37/tola
$547.30
$17.60/g · $205.24/tola
$507.50
$16.32/g · $190.32/tola
$485.30
$15.60/g · $181.99/tola
$490.00
$15.75/g · $183.75/tola
$530.00
$17.04/g · $198.75/tola
$494.50
$15.90/g · $185.44/tola
The 1970s — gold's break from fiat
On 15 August 1971 President Nixon ended USD convertibility to gold, dismantling the Bretton Woods system. Free-floating gold rose from a Bretton-Woods price of $35/oz to a January 1980 nominal peak near $850/oz. The decade was defined by stagflation, two oil shocks (1973–74 and 1979), Soviet–US tensions, and double-digit US inflation — an environment in which gold became the textbook inflation hedge.
Frequently Asked Questions — March 1980
What was the gold price in March 1980?
In March 1980, gold opened at $553.58/oz and closed at $494.50/oz — a change of -10.67% on the month. Period high: $647.00/oz, period low: $481.50/oz.
Why are local-currency conversions not shown for this month?
Reliable historical exchange-rate data only covers 1990 onwards. For 1970–1989 we display the international XAU/USD spot price (the global benchmark) but cannot accurately convert to PKR, INR, AED, GBP, EUR or other local currencies. Month archives from 1990 onward include full country-by-country tables.
What was the highest gold price in March 1980?
The highest XAU/USD print during March 1980 was approximately $647.00/oz on the international spot market.
What was the lowest gold price in March 1980?
The lowest XAU/USD print during March 1980 was approximately $481.50/oz.
What was happening in the gold market in 1980?
On 21 January 1980 gold reached its nominal all-time peak of $850/oz at the London PM fix — a level not seen again for 28 years. The Hunt brothers' silver corner collapsed in March, dragging gold lower. The price eventually retreated to ~$590 by year-end.
1980 Annual Archive
Full year stats & monthly chart
Historical Charts
10y, 20y, 50y interactive charts
Live Converters
Today's gold in 100+ currencies
Gold price in March 1980: archive overview
This page archives the daily international XAU/USD gold spot price for March 1980. Click any trading day in the list above to see that date's price expressed per ounce, per gram, and per tola. Goldify Pro maintains complete monthly archives back to 1 January 1970, and from 1990 onwards each month also includes country-by-country tables across PKR, INR, AED, SAR, GBP, EUR and 100+ other currencies.
In March 1980, gold fell from $553.58/oz on the first trading day to $494.50/oz at month-end — a move of -10.67%. The intraday range spanned from $481.50/oz at the lowest to $647.00/oz at the highest, with an average of $556.41/oz across 27 trading days.
How to read this March 1980 archive
The four stat cards (Open, Close, High, Low) are computed deterministically from the 27 trading-day series shown in the chart. “Open” is the first close of the month, “Close” is the last, and High/Low are the absolute extremes within March 1980.
Per-gram and per-tola figures are derived from the per-ounce price using fixed conversion factors: 31.1035 g/oz and 11.664 g/tola. They reflect the pure spot content of gold and exclude local taxes, dealer premiums or making charges.
The daily list shows every trading day in March 1980 with its USD/oz close and the equivalent per-gram and per-tola values. Each row links to a dedicated date page where the same number is broken down further.
Pre-1990 limitation. Trustworthy historical FX data extends back only to 1 January 1990, which is why this page deliberately omits the country-by-country tables shown on 1990+ archives. To approximate a March 1980 price in PKR, INR, GBP or another local currency, source contemporaneous central-bank exchange-rate data and multiply against the USD figure.
Cost-basis & estate valuations
Gold purchased in March 1980 can be valued today using both the period cost basis (this page) and the live spot price. Capital gain = (today's per-gram price − March 1980's per-gram cost) × weight in grams.
Monetary & macro research
March 1980 sits inside the legacy gold era. Pair this archive with contemporary CPI, Fed funds rate and crude-oil data to study how the metal responded to Volcker disinflation and dollar resurgence.
Strategy backtesting
Use the 1-day granularity to backtest dollar-cost-averaging, breakout, or moving-average strategies across the legacy era. The daily-close resolution matches how most retail strategies are evaluated.
Reference & teaching
March 1980 prices are commonly cited in finance and history syllabi. Goldify Pro publishes a single canonical figure — the international XAU/USD close — without commercial premiums or local-market noise.
Methodology & data sources
Source.Daily XAU/USD spot prices come from gold-api.com's historical archive, which has continuous daily coverage from 1 January 1970 onward. Each data point represents the international gold spot price quoted in US dollars per troy ounce at the London PM benchmark window.
Aggregation. Monthly statistics (open, close, high, low, average, percentage change) are computed deterministically from the underlying daily series for March 1980. We do not estimate or interpolate missing days; if a date returns no data it is simply skipped.
Per-unit conversions. All per-gram and per-tola figures derive from the per-ounce price using fixed conversion factors: price/g = price/oz ÷ 31.1035 and price/tola = price/g × 11.664. We never compound rounding errors by going through intermediate units.
Why no FX for 1980? Reliable historical exchange-rate data extends back only to 1990. Rather than estimate pre-1990 PKR/INR/AED prices using imprecise sources, we publish only the verified international USD figure for legacy-era archives.
Need country-specific prices? Monthly archives with PKR, INR, AED, GBP, EUR and 100+ other currencies are available for every month from January 1990 onwards.
Want the full year? See the 1980 annual archive with month-by-month breakdowns and the full year chart, or browse the interactive 50-year history page.
Need today's rate? Check live gold prices in 100+ countries or use our tola, gram and karat calculators.