Gold Price in August 2001
In August 2001, gold rose 2.6%, from $267.40 at the end of July to $274.40 per troy ounce on August 31, 2001. The highest close was $279.30 on August 16, 2001, the lowest $267.10 on August 5, 2001, and the average over 27 trading days was $273.23. Today's price is 1,312.8% higher than the August 2001 close.
Gold ended August higher. What usually happens in September after a higher August →
- Gold rose 2.6% in US dollars in August 2001, leaving it up 0.9% for the year to date.
- Measured in other currencies, the change ranged from −2.0% in JPY to +10.5% in EGP, because exchange rates moved too.
- It did better than silver (−1.3%) and US stocks (−6.3%).
- It closed higher on 12 trading days and lower on 9, with an average daily move of 0.38%.
- At the end of the month it was 4.5% below its highest close since 2000.
- Gold/silver ratio: 63.4 → 65.9.
Gold price chart, August 2001
US dollars per troy ounce · daily closeGold in other currencies, August 2001
| Currency | Change in the month |
|---|---|
| EGP | +10.5% |
| CNY | +2.6% |
| JPY | −2.0% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, August 2001
| Asset | Change (USD) |
|---|---|
| Gold | +2.6% |
| Silver | −1.3% |
| S&P 500 (with dividends) | −6.3% |
| US inflation (CPI, month) | 0.00% |
| Gold, year to date (end of August) | +0.9% |
| Gold/silver ratio | 63.4 → 65.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, August 2001
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Aug 1Wed | $267.40 | 0.00% | $8.60 |
| Aug 2Thu | $267.90 | +0.19% | $8.61 |
| Aug 3Fri | $267.90 | 0.00% | $8.61 |
| Aug 5Sun | $267.10 | −0.30% | $8.59 |
| Aug 6Mon | $267.20 | +0.04% | $8.59 |
| Aug 7Tue | $267.90 | +0.26% | $8.61 |
| Aug 8Wed | $273.40 | +2.05% | $8.79 |
| Aug 9Thu | $273.90 | +0.18% | $8.81 |
| Aug 10Fri | $273.90 | 0.00% | $8.81 |
| Aug 12Sun | $275.70 | +0.66% | $8.86 |
| Aug 13Mon | $276.30 | +0.22% | $8.88 |
| Aug 14Tue | $275.70 | −0.22% | $8.86 |
| Aug 15Wed | $275.20 | −0.18% | $8.85 |
| Aug 16Thu | $279.30 | +1.49% | $8.98 |
| Aug 17Fri | $279.30 | 0.00% | $8.98 |
| Aug 19Sun | $276.10 | −1.15% | $8.88 |
| Aug 20Mon | $275.00 | −0.40% | $8.84 |
| Aug 21Tue | $274.90 | −0.04% | $8.84 |
| Aug 22Wed | $275.30 | +0.15% | $8.85 |
| Aug 23Thu | $272.50 | −1.02% | $8.76 |
| Aug 24Fri | $272.50 | 0.00% | $8.76 |
| Aug 26Sun | $272.60 | +0.04% | $8.76 |
| Aug 27Mon | $272.30 | −0.11% | $8.75 |
| Aug 28Tue | $273.70 | +0.51% | $8.80 |
| Aug 29Wed | $275.40 | +0.62% | $8.85 |
| Aug 30Thu | $274.40 | −0.36% | $8.82 |
| Aug 31Fri | $274.40 | 0.00% | $8.82 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.5% and a median of +1.1%. Every August since 1971 →
Gold in August 2001: FAQ
What was the price of gold in August 2001?
Gold traded between $267.10 and $279.30 per troy ounce (daily closes) in August 2001, averaging $273.23. It closed the month at $274.40.
How much did gold go up in August 2001?
Gold rose 2.6%, from $267.40 to $274.40. The biggest daily rise was +2.1% on August 8, 2001 and the biggest fall −1.1% on August 19, 2001.
What was the gold price on August 1, 2001?
Gold closed at $267.40 per troy ounce on August 1, 2001, the first trading day of the month.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.5% and a median of +1.1%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in August 2001?
Yes. Gold was +2.6% for the month, against −6.3% for the S&P 500 with dividends.
Did gold keep up with inflation in August 2001?
US consumer prices (CPI) changed 0.00% in August, so gold's real (inflation-adjusted) change was about +2.6%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpriceinaugust, author = {{Corgano}}, title = {Gold Price in August 2001}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2001/august}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}