Gold Price in 2009

In 2009, the price of gold averaged $972 per troy ounce, up 11.5% from the year before. This page covers the 2009 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

2009 Average

$972

LBMA annual average, USD/oz

Change vs 2008

+11.5%

from $872 in 2008

2009 High

$1,227

from daily trading data

2009 Low

$802

from daily trading data

Year-End Close

$1,097

last trading day of 2009

What happened to the gold price in 2009

Gold averaged $972 per troy ounce in 2009, up 11.5% from $872 the year before. Daily trading data shows gold moved between a low of $802 and a high of $1,227 during the year, ending 2009 at $1,097. The notable development of 2009: Fed expands QE1.

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 2009 average of $972 equals about $1,460 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 2009?

Gold averaged $972 per troy ounce in 2009, based on LBMA annual average data. Daily prices ranged from a low of $802 to a high of $1,227, and the year closed at $1,097. That average was up 11.5% from $872 in 2008.

What is a 2009 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 2009 average of $972 works out to roughly $1,460 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 2009?

The defining story of 2009: Fed expands QE1. Against that backdrop, the annual average climbed 11.5%, from $872 in 2008 to $972.

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.