Gold Price in 2011
Gold averaged $1,575.99 an ounce in 2011, ranging from $1,318.40 to $1,888.70, and ended the year up 10.2% at $1,565.80. The highest close was $1,888.70 on August 21, 2011 and the lowest $1,318.40 on January 27, 2011; the year started from $1,421.10, the close at the end of 2010. Today's price is 147.6% above the 2011 close.
Gold price chart, 2011
USD per troy ounce · daily closeMonthly Gold Prices in 2011
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $1,333.80 | $1,422.60 | $1,318.40 | −6.1% |
| February | $1,409.30 | $1,415.30 | $1,331.50 | +5.7% |
| March | $1,428.10 | $1,438.90 | $1,392.60 | +1.3% |
| April | $1,556.00 | $1,556.00 | $1,428.10 | +9.0% |
| May | $1,542.40 | $1,556.70 | $1,479.80 | −0.9% |
| June | $1,482.30 | $1,552.90 | $1,482.30 | −3.9% |
| July | $1,619.00 | $1,628.30 | $1,482.30 | +9.2% |
| August | $1,826.00 | $1,888.70 | $1,641.90 | +12.8% |
| September | $1,620.40 | $1,873.70 | $1,592.50 | −11.3% |
| October | $1,711.00 | $1,746.70 | $1,611.90 | +5.6% |
| November | $1,745.50 | $1,798.40 | $1,678.30 | +2.0% |
| December | $1,565.80 | $1,747.00 | $1,539.90 | −10.3% |
Gold in 2011 at a Glance
- Gold rose 10.2% in US dollars. In TRY terms it rose 36.0%, and in JPY terms it rose 5.0% — the difference comes from currency moves.
- It did better than Silver (−9.8%) and S&P 500 (with dividends) (+2.1%).
- After US inflation of 3.0%, the real change was +7.0%.
- It set 35 record closing highs (London price, records since 1968), the last on 5 Sep.
- In the futures market, managed money (speculators) went from net long 167,914 to net long 106,043 contracts.
Key Events in 2011
What happened, and how gold moved that day (or the next trading day) and about a month later.
- Friday, March 11Tohoku earthquake and tsunami strike northeastern Japan. SourceGold: +0.7% that day · +2.8% a month later
- Friday, March 18G7 countries jointly intervene to weaken the yen after it reaches record highs following the earthquake. SourceGold: 0.0% that day · +2.6% a month later
- Friday, August 5Standard & Poor's downgrades the US long-term credit rating from AAA to AA+. SourceGold: 0.0% that day · +10.8% a month later
- Tuesday, September 6Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020. SourceGold: −3.0% that day · −13.3% a month later
Gold in 2011: records, milestones and the London price chart →
Gold in other currencies, 2011
| Currency | Change |
|---|---|
| TRY | +36.0% |
| ZAR | +35.7% |
| INR | +30.3% |
| PKR | +15.4% |
| EGP | +15.1% |
| EUR | +13.1% |
| CAD | +12.5% |
| CHF | +10.9% |
| AUD | +10.4% |
| GBP | +10.3% |
| CNY | +5.1% |
| JPY | +5.0% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes gold rise more in local terms.
Gold vs other assets, 2011
| Asset | Change (USD) |
|---|---|
| Silver | −9.8% |
| S&P 500 (with dividends) | +2.1% |
| US inflation (CPI) | +3.0% |
Gold Price on Festivals in 2011
| Festival | Date | Price |
|---|---|---|
| Chinese New Year | Thu 3 Feb | ¥284.71 24K ¥/g |
| Gudi Padwa | Mon 4 Apr | ₹20,407 24K ₹/10 g |
| Akshaya Tritiya | Fri 6 May | ₹21,431 24K ₹/10 g |
| Eid al-Fitr | Tue 30 Aug | AED 215.68 24K AED/g |
| Navratri | Wed 28 Sep | ₹25,333 24K ₹/10 g |
| Dussehra | Thu 6 Oct | ₹26,045 24K ₹/10 g |
| Dhanteras | Mon 24 Oct | ₹26,310 24K ₹/10 g |
| Diwali | Wed 26 Oct | ₹27,339 24K ₹/10 g |
| Eid al-Adha | Sun 6 Nov | AED 207.28 24K AED/g |
International price converted at that day's rate, before local taxes and making charges.
Futures positioning: managed money (speculators) held a net long position of 106,043 contracts on 27 Dec 2011, against net long 167,914 a year earlier. COT report →
Gold in 2011: FAQ
What was the price of gold in 2011?
Gold traded between $1,318.40 and $1,888.70 per troy ounce in 2011 (daily closes), averaging $1,575.99. It closed the year at $1,565.80.
How much did gold go up in 2011?
Gold rose 10.2% in 2011, from $1,421.10 to $1,565.80 per ounce.
What was the highest gold price in 2011?
The highest daily close in 2011 was $1,888.70 per troy ounce on August 21, 2011.
What was the best month for gold in 2011?
August (+12.8%). The weakest was September (−11.3%).
How much did gold rise in rupees in 2011?
Gold rose 30.3% in Indian rupee terms in 2011, compared with +10.2% in US dollars.
Did gold beat the stock market in 2011?
Yes. Gold was +10.2% for the year, against +2.1% for the S&P 500 with dividends reinvested.
What was the biggest event for gold in 2011?
Of the key events listed on this page, the biggest one-day reaction was on 6 September: Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020. Gold moved −3.0% that day.
Daily closing prices of COMEX front-month gold futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV or get any year from the free gold price API (free to use with a link to this site).
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{corgano2026goldpricein2011, author = {{Corgano}}, title = {Gold Price in 2011}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2011}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}