Price of Gold in 1982 Adjusted for Inflation

The highest price of gold was $488.50 per ounce in 1982. How much is that worth in current dollars when taking inflation into account? How much is an oz of gold in 1982 worth adjusted for inflation? The price reached a maximum price of 488.50/oz in 1982.
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$488.50 from 1982 to 2024 adjusted for inflation. We use the Consumer Price Index provided by the Bureau of Labor Statistics. They aggregate prices over time to determine the CPI.
How much is 488.50 in 1982 worth in current dollars?
What was the rate of inflation since 1982 on 488.50?
How has the cost of living changed since 1982?
What was the value of $488.50 in 1982? Every year, the US dollar is usually worth less due to inflation. We calculate what $488.50 in 1982 is worth now.