Gold Price in November 2001
In November 2001, gold fell 2.0%, from $279.50 at the end of October to $273.90 per troy ounce on November 30, 2001. The highest close was $281.00 on November 7, 2001, the lowest $272.30 on November 26, 2001, and the average over 20 trading days was $276.11. Today's price is 1,315.4% higher than the November 2001 close.
Gold ended November lower. What usually happens in December after a lower November →
- Gold fell 2.0% in US dollars in November 2001, leaving it up 0.7% for the year to date.
- Measured in other currencies, the change ranged from −2.0% in CNY to −1.2% in JPY, because exchange rates moved too.
- It did better than silver (−2.0%), and worse than US stocks (+7.7%).
- It closed higher on 10 trading days and lower on 9, with an average daily move of 0.35%.
- At the end of the month it was 6.6% below its highest close since 2000.
- Gold/silver ratio: 66.3 → 66.4.
Gold price chart, November 2001
US dollars per troy ounce · daily closeGold in other currencies, November 2001
| Currency | Change in the month |
|---|---|
| JPY | −1.2% |
| EGP | −2.0% |
| CNY | −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, November 2001
| Asset | Change (USD) |
|---|---|
| Gold | −2.0% |
| Silver | −2.0% |
| S&P 500 (with dividends) | +7.7% |
| US inflation (CPI, month) | −0.17% |
| Gold, year to date (end of November) | +0.7% |
| Gold/silver ratio | 66.3 → 66.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, November 2001
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Nov 1Thu | $279.70 | +0.07% | $8.99 |
| Nov 2Fri | $279.80 | +0.04% | $9.00 |
| Nov 5Mon | $278.50 | −0.46% | $8.95 |
| Nov 6Tue | $279.70 | +0.43% | $8.99 |
| Nov 7Wed | $281.00 | +0.46% | $9.03 |
| Nov 8Thu | $276.80 | −1.49% | $8.90 |
| Nov 9Fri | $277.40 | +0.22% | $8.92 |
| Nov 12Mon | $278.30 | +0.32% | $8.95 |
| Nov 13Tue | $277.80 | −0.18% | $8.93 |
| Nov 14Wed | $277.80 | 0.00% | $8.93 |
| Nov 15Thu | $275.10 | −0.97% | $8.84 |
| Nov 16Fri | $274.70 | −0.15% | $8.83 |
| Nov 19Mon | $272.70 | −0.73% | $8.77 |
| Nov 20Tue | $273.00 | +0.11% | $8.78 |
| Nov 21Wed | $272.90 | −0.04% | $8.77 |
| Nov 26Mon | $272.30 | −0.22% | $8.75 |
| Nov 27Tue | $273.20 | +0.33% | $8.78 |
| Nov 28Wed | $274.10 | +0.33% | $8.81 |
| Nov 29Thu | $273.50 | −0.22% | $8.79 |
| Nov 30Fri | $273.90 | +0.15% | $8.81 |
How November usually goes for gold
In the 20 years from 2006 to 2025, gold rose in November 9 times out of 20, with an average move of +0.9% and a median of −0.1%. Every November since 1971 →
Gold in November 2001: FAQ
What was the price of gold in November 2001?
Gold traded between $272.30 and $281.00 per troy ounce (daily closes) in November 2001, averaging $276.11. It closed the month at $273.90.
How much did gold go down in November 2001?
Gold fell 2.0%, from $279.50 to $273.90. The biggest daily rise was +0.5% on November 7, 2001 and the biggest fall −1.5% on November 8, 2001.
What was the gold price on November 1, 2001?
Gold closed at $279.70 per troy ounce on November 1, 2001, the first trading day of the month.
Is November usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in November 9 times out of 20, with an average move of +0.9% and a median of −0.1%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in November 2001?
No. Gold was −2.0% for the month, against +7.7% for the S&P 500 with dividends.
Did gold keep up with inflation in November 2001?
US consumer prices (CPI) changed −0.17% in November, so gold's real (inflation-adjusted) change was about −1.8%.
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{corgano2026goldpriceinnovember, author = {{Corgano}}, title = {Gold Price in November 2001}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2001/november}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}