Gold Price in July 2011
In July 2011, gold rose 9.2%, from $1,482.30 at the end of June to $1,619.00 per troy ounce on July 31, 2011. The highest close was $1,628.30 on July 28, 2011, the lowest $1,482.30 on July 1, 2011, and the average over 25 trading days was $1,580.88. Today's price is 139.5% higher than the July 2011 close.
Gold ended July higher. What usually happens in August after a higher July →
- Gold rose 9.2% in US dollars in July 2011, leaving it up 13.9% for the year to date.
- Measured in other currencies, the change ranged from +2.7% in CHF to +13.6% in TRY, because exchange rates moved too.
- It did better than US stocks (−2.0%), and worse than silver (+16.6%).
- It closed higher on 14 trading days and lower on 6, with an average daily move of 0.49%.
- It set 8 record closing highs (London price, records since 1968), the last on 29 July.
- Gold/silver ratio: 44.0 → 41.2.
Gold price chart, July 2011
US dollars per troy ounce · daily closeGold in other currencies, July 2011
| Currency | Change in the month |
|---|---|
| TRY | +13.6% |
| EGP | +11.0% |
| EUR | +10.2% |
| CNY | +8.6% |
| INR | +8.3% |
| CAD | +8.1% |
| ZAR | +7.8% |
| PKR | +7.5% |
| GBP | +6.8% |
| AUD | +6.3% |
| JPY | +4.6% |
| CHF | +2.7% |
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, July 2011
| Asset | Change (USD) |
|---|---|
| Gold | +9.2% |
| Silver | +16.6% |
| S&P 500 (with dividends) | −2.0% |
| US inflation (CPI, month) | +0.09% |
| Gold, year to date (end of July) | +13.9% |
| Gold/silver ratio | 44.0 → 41.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, July 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 |
|---|---|---|---|---|---|
| Jul 1Fri | $1,482.30 | 0.00% | $47.66 | ₹21,252 | AED 175.03 |
| Jul 4Mon | $1,512.30 | +2.02% | $48.62 | ₹21,598 | AED 178.58 |
| Jul 5Tue | $1,528.70 | +1.08% | $49.15 | ₹21,793 | AED 180.52 |
| Jul 6Wed | $1,530.20 | +0.10% | $49.20 | ₹21,809 | AED 180.70 |
| Jul 7Thu | $1,541.20 | +0.72% | $49.55 | ₹21,966 | AED 181.99 |
| Jul 8Fri | $1,541.20 | 0.00% | $49.55 | ₹21,966 | AED 181.99 |
| Jul 10Sun | $1,548.80 | +0.49% | $49.80 | ₹22,115 | AED 182.89 |
| Jul 11Mon | $1,561.90 | +0.85% | $50.22 | ₹22,271 | AED 184.43 |
| Jul 12Tue | $1,585.20 | +1.49% | $50.97 | ₹22,710 | AED 187.19 |
| Jul 13Wed | $1,589.00 | +0.24% | $51.09 | ₹22,708 | AED 187.63 |
| Jul 14Thu | $1,589.80 | +0.05% | $51.11 | ₹22,694 | AED 187.73 |
| Jul 15Fri | $1,589.80 | 0.00% | $51.11 | ₹22,694 | AED 187.73 |
| Jul 17Sun | $1,602.10 | +0.77% | $51.51 | ₹22,925 | AED 189.18 |
| Jul 18Mon | $1,600.90 | −0.07% | $51.47 | ₹22,904 | AED 189.04 |
| Jul 19Tue | $1,596.70 | −0.26% | $51.34 | ₹22,777 | AED 188.54 |
| Jul 20Wed | $1,586.80 | −0.62% | $51.02 | ₹22,636 | AED 187.37 |
| Jul 21Thu | $1,601.30 | +0.91% | $51.48 | ₹22,807 | AED 189.09 |
| Jul 22Fri | $1,601.30 | 0.00% | $51.48 | ₹22,807 | AED 189.09 |
| Jul 24Sun | $1,612.00 | +0.67% | $51.83 | ₹22,982 | AED 190.36 |
| Jul 25Mon | $1,616.60 | +0.29% | $51.97 | ₹23,030 | AED 190.89 |
| Jul 26Tue | $1,615.00 | −0.10% | $51.92 | ₹22,872 | AED 190.70 |
| Jul 27Wed | $1,613.40 | −0.10% | $51.87 | ₹22,839 | AED 190.52 |
| Jul 28Thu | $1,628.30 | +0.92% | $52.35 | ₹23,040 | AED 192.28 |
| Jul 29Fri | $1,628.30 | 0.00% | $52.35 | ₹23,040 | AED 192.28 |
| Jul 31Sun | $1,619.00 | −0.57% | $52.05 | ₹23,009 | AED 191.13 |
How July usually goes for gold
In the 20 years from 2006 to 2025, gold rose in July 14 times out of 20, with an average move of +1.7% and a median of +1.8%. Every July since 1971 →
Gold in July 2011: FAQ
What was the price of gold in July 2011?
Gold traded between $1,482.30 and $1,628.30 per troy ounce (daily closes) in July 2011, averaging $1,580.88. It closed the month at $1,619.00.
How much did gold go up in July 2011?
Gold rose 9.2%, from $1,482.30 to $1,619.00. The biggest daily rise was +2.0% on July 4, 2011 and the biggest fall −0.6% on July 20, 2011.
What was the gold price on July 1, 2011?
Gold closed at $1,482.30 per troy ounce on July 1, 2011, the first trading day of the month. 24K India, ₹ per 10 g: ₹21,252.
Is July usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in July 14 times out of 20, with an average move of +1.7% 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 July 2011?
Gold rose 8.3% in Indian rupee terms in July 2011, compared with +9.2% in US dollars.
Did gold beat stocks in July 2011?
Yes. Gold was +9.2% for the month, against −2.0% for the S&P 500 with dividends.
Did gold keep up with inflation in July 2011?
US consumer prices (CPI) changed +0.09% in July, so gold's real (inflation-adjusted) change was about +9.1%.
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{corgano2026goldpriceinjuly, author = {{Corgano}}, title = {Gold Price in July 2011}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2011/july}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}