Gold Price in September 2011
In September 2011, gold fell 11.4%, from $1,828.50 at the end of August to $1,620.40 per troy ounce on September 30, 2011. The highest close was $1,873.70 on September 2, 2011, the lowest $1,592.50 on September 26, 2011, and the average over 21 trading days was $1,762.19. Today's price is 139.2% higher than the September 2011 close.
Gold ended September lower. What usually happens in October after a lower September →
- Gold fell 11.4% in US dollars in September 2011, leaving it up 14.0% for the year to date.
- Measured in other currencies, the change ranged from −11.3% in JPY to +1.1% in ZAR, because exchange rates moved too.
- It did better than silver (−28.0%), and worse than US stocks (−7.0%).
- It closed higher on 8 trading days and lower on 13, with an average daily move of 1.82%.
- It set 1 record closing high (London price, records since 1968), the last on 5 September.
- Gold/silver ratio: 43.8 → 53.9.
Gold price chart, September 2011
US dollars per troy ounce · daily closeGold in other currencies, September 2011
| Currency | Change in the month |
|---|---|
| ZAR | +1.1% |
| CHF | −1.4% |
| AUD | −3.0% |
| TRY | −4.4% |
| INR | −5.3% |
| CAD | −6.0% |
| EUR | −6.2% |
| GBP | −7.7% |
| PKR | −11.0% |
| EGP | −11.1% |
| CNY | −11.2% |
| JPY | −11.3% |
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, September 2011
| Asset | Change (USD) |
|---|---|
| Gold | −11.4% |
| Silver | −28.0% |
| S&P 500 (with dividends) | −7.0% |
| US inflation (CPI, month) | +0.15% |
| Gold, year to date (end of September) | +14.0% |
| Gold/silver ratio | 43.8 → 53.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in September 2011
- Tuesday, September 6Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020. SourceGold: −0.2% that day
Daily Gold Prices, September 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 |
|---|---|---|---|---|---|
| Sep 1Thu | $1,826.00 | −0.14% | $58.71 | ₹26,829 | AED 215.63 |
| Sep 2Fri | $1,873.70 | +2.61% | $60.24 | ₹27,530 | AED 221.26 |
| Sep 6Tue | $1,869.90 | −0.20% | $60.12 | ₹27,679 | AED 220.81 |
| Sep 7Wed | $1,814.20 | −2.98% | $58.33 | ₹26,854 | AED 214.23 |
| Sep 8Thu | $1,854.40 | +2.22% | $59.62 | ₹27,503 | AED 218.98 |
| Sep 9Fri | $1,856.40 | +0.11% | $59.68 | ₹27,533 | AED 219.22 |
| Sep 12Mon | $1,809.90 | −2.50% | $58.19 | ₹27,442 | AED 213.72 |
| Sep 13Tue | $1,826.80 | +0.93% | $58.73 | ₹27,875 | AED 215.72 |
| Sep 14Wed | $1,823.50 | −0.18% | $58.63 | ₹27,883 | AED 215.32 |
| Sep 15Thu | $1,778.50 | −2.47% | $57.18 | ₹27,161 | AED 210.02 |
| Sep 16Fri | $1,812.10 | +1.89% | $58.26 | ₹27,674 | AED 213.98 |
| Sep 19Mon | $1,776.40 | −1.97% | $57.11 | ₹27,256 | AED 209.76 |
| Sep 20Tue | $1,806.60 | +1.70% | $58.08 | ₹27,828 | AED 213.34 |
| Sep 21Wed | $1,805.50 | −0.06% | $58.05 | ₹27,985 | AED 213.20 |
| Sep 22Thu | $1,739.20 | −3.67% | $55.92 | ₹27,664 | AED 205.33 |
| Sep 23Fri | $1,637.50 | −5.85% | $52.65 | ₹26,046 | AED 193.32 |
| Sep 26Mon | $1,592.50 | −2.75% | $51.20 | ₹25,293 | AED 188.05 |
| Sep 27Tue | $1,650.60 | +3.65% | $53.07 | ₹25,903 | AED 194.91 |
| Sep 28Wed | $1,616.30 | −2.08% | $51.97 | ₹25,333 | AED 190.86 |
| Sep 29Thu | $1,615.50 | −0.05% | $51.94 | ₹25,378 | AED 190.77 |
| Sep 30Fri | $1,620.40 | +0.30% | $52.10 | ₹25,455 | AED 191.35 |
How September usually goes for gold
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of −0.2% and a median of −2.0%. Every September since 1971 →
Gold in September 2011: FAQ
What was the price of gold in September 2011?
Gold traded between $1,592.50 and $1,873.70 per troy ounce (daily closes) in September 2011, averaging $1,762.19. It closed the month at $1,620.40.
How much did gold go down in September 2011?
Gold fell 11.4%, from $1,828.50 to $1,620.40. The biggest daily rise was +3.6% on September 27, 2011 and the biggest fall −5.8% on September 23, 2011.
What was the gold price on September 1, 2011?
Gold closed at $1,826.00 per troy ounce on September 1, 2011, the first trading day of the month. 24K India, ₹ per 10 g: ₹26,829.
Is September usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of −0.2% and a median of −2.0%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in September 2011?
Gold fell 5.3% in Indian rupee terms in September 2011, compared with −11.4% in US dollars.
Did gold beat stocks in September 2011?
No. Gold was −11.4% for the month, against −7.0% for the S&P 500 with dividends.
Did gold keep up with inflation in September 2011?
US consumer prices (CPI) changed +0.15% in September, so gold's real (inflation-adjusted) change was about −11.5%.
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{corgano2026goldpriceinseptember, author = {{Corgano}}, title = {Gold Price in September 2011}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2011/september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}