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
Gold Price Chart, 1991 to 2011
Gold Price by Month in 2001
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2001 | $265 | $273 | $262 |
| February 2001 | $262 | $270 | $254 |
| March 2001 | $263 | $279 | $258 |
| April 2001 | $261 | $267 | $255 |
| May 2001 | $272 | $298 | $264 |
| June 2001 | $271 | $279 | $265 |
| July 2001 | $267 | $273 | $264 |
| August 2001 | $273 | $281 | $266 |
| September 2001 | $284 | $295 | $271 |
| October 2001 | $283 | $294 | $275 |
| November 2001 | $276 | $282 | $272 |
| December 2001 | $276 | $281 | $272 |
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?
What is a 2001 gold price worth in today's dollars?
What moved the gold price in 2001?
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.