Gold Price in November 2024
In November 2024, gold fell 3.4%, from $2,749.30 at the end of October to $2,657.00 per troy ounce on November 29, 2024. The highest close was $2,749.70 on November 5, 2024, the lowest $2,570.10 on November 15, 2024, and the average over 20 trading days was $2,654.83. Today's price is 45.9% higher than the November 2024 close.
Gold ended November lower. What usually happens in December after a lower November →
- Gold fell 3.4% in US dollars in November 2024, leaving it up 28.2% for the year to date.
- Measured in other currencies, the change ranged from −4.6% in JPY to −0.6% in EUR, because exchange rates moved too.
- It did better than silver (−6.0%), and worse than bitcoin (+37.4%) and US stocks (+5.9%).
- It closed higher on 10 trading days and lower on 10, with an average daily move of 0.97%.
- At the end of the month it was 5.1% below its highest close since 2000.
- Gold/silver ratio: 84.2 → 86.6.
- The biggest reaction to a scheduled US release was to the CPI inflation (October 2024) on 13 November: −0.8% that day.
Gold price chart, November 2024
US dollars per troy ounce · daily closeGold in other currencies, November 2024
| Currency | Change in the month |
|---|---|
| EUR | −0.6% |
| ZAR | −1.0% |
| GBP | −1.4% |
| CHF | −1.6% |
| CNY | −1.6% |
| EGP | −1.7% |
| TRY | −2.3% |
| AUD | −2.4% |
| CAD | −2.7% |
| INR | −2.9% |
| PKR | −3.7% |
| JPY | −4.6% |
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 2024
| Asset | Change (USD) |
|---|---|
| Gold | −3.4% |
| Silver | −6.0% |
| Bitcoin | +37.4% |
| S&P 500 (with dividends) | +5.9% |
| US inflation (CPI, month) | −0.05% |
| Gold, year to date (end of November) | +28.2% |
| Gold/silver ratio | 84.2 → 86.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
The Fed and US Data in November 2024
Scheduled US releases this month and how gold moved. For Fed decisions the move covers two sessions, because the statement comes after the gold futures settle.
| Date | Release | Result | Gold |
|---|---|---|---|
| Fri 1 Nov | Jobs report (October 2024) | — | 0.0% |
| Thu 7 Nov | Fed rate decision | Cut 25 bp (4.50–4.75%) | +0.7% |
| Wed 13 Nov | CPI inflation (October 2024) | — | −0.8% |
Key Events in November 2024
- Tuesday, November 5Donald Trump wins the US presidential election. SourceGold: +0.1% that day
Daily Gold Prices, November 2024
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 |
|---|---|---|---|---|---|
| Nov 1Fri | $2,749.20 | 0.00% | $88.39 | ₹74,327 | AED 324.56 |
| Nov 4Mon | $2,746.20 | −0.11% | $88.29 | ₹74,284 | AED 324.27 |
| Nov 5Tue | $2,749.70 | +0.13% | $88.40 | ₹74,395 | AED 324.62 |
| Nov 6Wed | $2,676.30 | −2.67% | $86.05 | ₹72,378 | AED 315.96 |
| Nov 7Thu | $2,705.80 | +1.10% | $86.99 | ₹73,293 | AED 319.44 |
| Nov 8Fri | $2,694.80 | −0.41% | $86.64 | ₹73,043 | AED 318.14 |
| Nov 11Mon | $2,617.70 | −2.86% | $84.16 | ₹71,018 | AED 309.10 |
| Nov 12Tue | $2,606.30 | −0.44% | $83.79 | ₹70,720 | AED 307.69 |
| Nov 13Wed | $2,586.50 | −0.76% | $83.16 | ₹70,181 | AED 305.36 |
| Nov 14Thu | $2,572.90 | −0.53% | $82.72 | ₹69,835 | AED 303.75 |
| Nov 15Fri | $2,570.10 | −0.11% | $82.63 | ₹69,801 | AED 303.49 |
| Nov 18Mon | $2,614.60 | +1.73% | $84.06 | ₹71,013 | AED 308.72 |
| Nov 19Tue | $2,631.00 | +0.63% | $84.59 | ₹71,392 | AED 310.61 |
| Nov 20Wed | $2,651.70 | +0.79% | $85.25 | ₹71,952 | AED 313.05 |
| Nov 21Thu | $2,674.90 | +0.87% | $86.00 | ₹72,569 | AED 315.79 |
| Nov 22Fri | $2,712.20 | +1.39% | $87.20 | ₹73,673 | AED 320.20 |
| Nov 25Mon | $2,618.50 | −3.45% | $84.19 | ₹71,084 | AED 309.19 |
| Nov 26Tue | $2,621.30 | +0.11% | $84.28 | ₹71,111 | AED 309.46 |
| Nov 27Wed | $2,639.90 | +0.71% | $84.87 | ₹71,583 | AED 311.66 |
| Nov 29Fri | $2,657.00 | +0.65% | $85.42 | ₹72,159 | AED 313.68 |
How November usually goes for gold
In the 20 years from 2006 to 2025, gold rose in November 11 times out of 20, with an average move of +1.0% and a median of +0.4%. Every November since 1971 →
Gold in November 2024: FAQ
What was the price of gold in November 2024?
Gold traded between $2,570.10 and $2,749.70 per troy ounce (daily closes) in November 2024, averaging $2,654.83. It closed the month at $2,657.00.
How much did gold go down in November 2024?
Gold fell 3.4%, from $2,749.30 to $2,657.00. The biggest daily rise was +1.7% on November 18, 2024 and the biggest fall −3.5% on November 25, 2024.
What was the gold price on November 1, 2024?
Gold closed at $2,749.20 per troy ounce on November 1, 2024, the first trading day of the month. 24K India, ₹ per 10 g: ₹74,327.
Is November usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in November 11 times out of 20, with an average move of +1.0% and a median of +0.4%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in November 2024?
Gold fell 2.9% in Indian rupee terms in November 2024, compared with −3.4% in US dollars.
Did gold beat stocks in November 2024?
No. Gold was −3.4% for the month, against +5.9% for the S&P 500 with dividends.
How did gold react to the Fed and US data in November 2024?
Of 3 scheduled US releases this month, the biggest move came after the CPI inflation (October 2024) on 13 November: −0.8%. The full list with each reaction is on this page.
Did gold keep up with inflation in November 2024?
US consumer prices (CPI) changed −0.05% in November, so gold's real (inflation-adjusted) change was about −3.3%.
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 2024}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2024/november}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}