Gold Price in 2001

In 2001, the price of gold averaged $271 per troy ounce, down 2.9% from the year before. This page covers the 2001 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

2001 Average

$271

LBMA annual average, USD/oz

Change vs 2000

-2.9%

from $279 in 2000

2001 High

$298

from daily trading data

2001 Low

$254

from daily trading data

Year-End Close

$279

last trading day of 2001

What happened to the gold price in 2001

Gold averaged $271 per troy ounce in 2001, down 2.9% from $279 the year before. Daily trading data shows gold moved between a low of $254 and a high of $298 during the year, ending 2001 at $279. The notable development of 2001: 9/11 attacks; recession begins.

The 2000s brought gold's modern bull market. The dot-com bust, the September 11 attacks, a weakening dollar, and finally the 2008 financial crisis rebuilt investment demand, carrying gold past $1,000 per ounce for the first time.

Adjusted for inflation, gold's 2001 average of $271 equals about $493 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of gold in 2001?

Gold averaged $271 per troy ounce in 2001, based on LBMA annual average data. Daily prices ranged from a low of $254 to a high of $298, and the year closed at $279. That average was down 2.9% from $279 in 2000.

What is a 2001 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 2001 average of $271 works out to roughly $493 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

What moved the gold price in 2001?

The defining story of 2001: 9/11 attacks; recession begins. Against that backdrop, the annual average fell 2.9%, from $279 in 2000 to $271.

Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.