Gold Price in December 2011
In December 2011, gold fell 10.3%, from $1,745.50 at the end of November to $1,565.80 per troy ounce on December 30, 2011. The highest close was $1,747.00 on December 2, 2011, the lowest $1,539.90 on December 29, 2011, and the average over 21 trading days was $1,641.97. Today's price is 147.6% higher than the December 2011 close.
Gold ended December lower. What usually happens in January after a lower December →
- Gold fell 10.3% in US dollars in December 2011, leaving it up 10.2% for the year to date.
- Measured in other currencies, the change ranged from −12.0% in ZAR to −7.1% in TRY, because exchange rates moved too.
- It did better than silver (−14.8%), and worse than US stocks (+1.0%).
- It closed higher on 6 trading days and lower on 15, with an average daily move of 1.07%.
- At the end of the month it was 17.1% below its highest close since 2000.
- Gold/silver ratio: 53.3 → 56.2.
Gold price chart, December 2011
US dollars per troy ounce · daily closeGold in other currencies, December 2011
| Currency | Change in the month |
|---|---|
| TRY | −7.1% |
| PKR | −7.2% |
| EUR | −7.7% |
| INR | −8.4% |
| CHF | −8.4% |
| GBP | −9.2% |
| EGP | −10.0% |
| JPY | −10.6% |
| CNY | −11.1% |
| CAD | −11.3% |
| AUD | −11.4% |
| ZAR | −12.0% |
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, December 2011
| Asset | Change (USD) |
|---|---|
| Gold | −10.3% |
| Silver | −14.8% |
| S&P 500 (with dividends) | +1.0% |
| US inflation (CPI, month) | −0.25% |
| Gold, year to date (end of December) | +10.2% |
| Gold/silver ratio | 53.3 → 56.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, December 2011
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Dec 1Thu | $1,735.30 | −0.58% | $55.79 | ₹28,861 | AED 204.91 |
| Dec 2Fri | $1,747.00 | +0.67% | $56.17 | ₹28,814 | AED 206.29 |
| Dec 5Mon | $1,730.70 | −0.93% | $55.64 | ₹28,435 | AED 204.37 |
| Dec 6Tue | $1,727.90 | −0.16% | $55.55 | ₹28,443 | AED 204.04 |
| Dec 7Wed | $1,740.90 | +0.75% | $55.97 | ₹28,657 | AED 205.58 |
| Dec 8Thu | $1,709.80 | −1.79% | $54.97 | ₹28,365 | AED 201.90 |
| Dec 9Fri | $1,712.80 | +0.18% | $55.07 | ₹28,470 | AED 202.26 |
| Dec 12Mon | $1,664.20 | −2.84% | $53.51 | ₹27,752 | AED 196.51 |
| Dec 13Tue | $1,659.90 | −0.26% | $53.37 | ₹28,098 | AED 196.01 |
| Dec 14Wed | $1,584.30 | −4.55% | $50.94 | ₹27,047 | AED 187.08 |
| Dec 15Thu | $1,574.60 | −0.61% | $50.62 | ₹27,190 | AED 185.93 |
| Dec 16Fri | $1,595.60 | +1.33% | $51.30 | ₹27,297 | AED 188.42 |
| Dec 19Mon | $1,594.40 | −0.08% | $51.26 | ₹26,909 | AED 188.28 |
| Dec 20Tue | $1,615.60 | +1.33% | $51.94 | ₹27,374 | AED 190.78 |
| Dec 21Wed | $1,611.90 | −0.23% | $51.82 | ₹27,316 | AED 190.30 |
| Dec 22Thu | $1,608.90 | −0.19% | $51.73 | ₹27,102 | AED 189.99 |
| Dec 23Fri | $1,604.70 | −0.26% | $51.59 | ₹27,091 | AED 189.49 |
| Dec 27Tue | $1,594.20 | −0.65% | $51.25 | ₹27,011 | AED 188.25 |
| Dec 28Wed | $1,562.90 | −1.96% | $50.25 | ₹26,556 | AED 184.56 |
| Dec 29Thu | $1,539.90 | −1.47% | $49.51 | ₹26,170 | AED 181.84 |
| Dec 30Fri | $1,565.80 | +1.68% | $50.34 | ₹26,681 | AED 184.90 |
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 2011: FAQ
What was the price of gold in December 2011?
Gold traded between $1,539.90 and $1,747.00 per troy ounce (daily closes) in December 2011, averaging $1,641.97. It closed the month at $1,565.80.
How much did gold go down in December 2011?
Gold fell 10.3%, from $1,745.50 to $1,565.80. The biggest daily rise was +1.7% on December 30, 2011 and the biggest fall −4.6% on December 14, 2011.
What was the gold price on December 1, 2011?
Gold closed at $1,735.30 per troy ounce on December 1, 2011, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,861.
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.
How much did gold change in rupees in December 2011?
Gold fell 8.4% in Indian rupee terms in December 2011, compared with −10.3% in US dollars.
Did gold beat stocks in December 2011?
No. Gold was −10.3% for the month, against +1.0% for the S&P 500 with dividends.
Did gold keep up with inflation in December 2011?
US consumer prices (CPI) changed −0.25% in December, so gold's real (inflation-adjusted) change was about −10.1%.
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 2011}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2011/december}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}