Gold Price in December 2001
In December 2001, gold rose 1.8%, from $273.90 at the end of November to $278.70 per troy ounce on December 31, 2001. The highest close was $280.40 on December 18, 2001, the lowest $272.20 on December 10, 2001, and the average over 19 trading days was $276.01. Today's price is 1,291.0% higher than the December 2001 close.
Gold ended December higher. What usually happens in January after a higher December →
- Gold rose 1.8% in US dollars in December 2001, leaving it up 2.5% for the year to date.
- Measured in other currencies, the change ranged from +1.7% in CNY to +9.3% in EGP, because exchange rates moved too.
- It did better than US stocks (+0.9%), and worse than silver (+10.9%).
- It closed higher on 10 trading days and lower on 8, with an average daily move of 0.61%.
- At the end of the month it was 5.0% below its highest close since 2000.
- Gold/silver ratio: 66.4 → 60.9.
Gold price chart, December 2001
US dollars per troy ounce · daily closeGold in other currencies, December 2001
| Currency | Change in the month |
|---|---|
| EGP | +9.3% |
| JPY | +8.5% |
| CNY | +1.7% |
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, December 2001
| Asset | Change (USD) |
|---|---|
| Gold | +1.8% |
| Silver | +10.9% |
| S&P 500 (with dividends) | +0.9% |
| US inflation (CPI, month) | −0.39% |
| Gold, year to date (end of December) | +2.5% |
| Gold/silver ratio | 66.4 → 60.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in December 2001
- Tuesday, December 11China becomes a member of the World Trade Organization. SourceGold: 0.0% that day
Daily Gold Prices, December 2001
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Dec 3Mon | $276.90 | +1.10% | $8.90 |
| Dec 4Tue | $275.40 | −0.54% | $8.85 |
| Dec 5Wed | $273.70 | −0.62% | $8.80 |
| Dec 6Thu | $274.20 | +0.18% | $8.82 |
| Dec 7Fri | $273.90 | −0.11% | $8.81 |
| Dec 10Mon | $272.20 | −0.62% | $8.75 |
| Dec 11Tue | $272.20 | 0.00% | $8.75 |
| Dec 12Wed | $273.80 | +0.59% | $8.80 |
| Dec 13Thu | $273.90 | +0.04% | $8.81 |
| Dec 14Fri | $278.00 | +1.50% | $8.94 |
| Dec 17Mon | $277.70 | −0.11% | $8.93 |
| Dec 18Tue | $280.40 | +0.97% | $9.02 |
| Dec 19Wed | $275.50 | −1.75% | $8.86 |
| Dec 20Thu | $276.00 | +0.18% | $8.87 |
| Dec 21Fri | $278.00 | +0.72% | $8.94 |
| Dec 26Wed | $279.70 | +0.61% | $8.99 |
| Dec 27Thu | $277.40 | −0.82% | $8.92 |
| Dec 28Fri | $276.50 | −0.32% | $8.89 |
| Dec 31Mon | $278.70 | +0.80% | $8.96 |
How December usually goes for gold
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Every December since 1971 →
Gold in December 2001: FAQ
What was the price of gold in December 2001?
Gold traded between $272.20 and $280.40 per troy ounce (daily closes) in December 2001, averaging $276.01. It closed the month at $278.70.
How much did gold go up in December 2001?
Gold rose 1.8%, from $273.90 to $278.70. The biggest daily rise was +1.5% on December 14, 2001 and the biggest fall −1.7% on December 19, 2001.
What was the gold price on December 3, 2001?
Gold closed at $276.90 per troy ounce on December 3, 2001, the first trading day of the month.
Is December usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in December 2001?
Yes. Gold was +1.8% for the month, against +0.9% for the S&P 500 with dividends.
Did gold keep up with inflation in December 2001?
US consumer prices (CPI) changed −0.39% in December, so gold's real (inflation-adjusted) change was about +2.2%.
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{corgano2026goldpriceindecember, author = {{Corgano}}, title = {Gold Price in December 2001}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2001/december}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}