Gold Price in 2011

In 2011, the price of gold averaged $1,572 per troy ounce, up 28.3% from the year before. This page covers the 2011 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

2011 Average

$1,572

LBMA annual average, USD/oz

Change vs 2010

+28.3%

from $1,225 in 2010

2011 High

$1,921

from daily trading data

2011 Low

$1,308

from daily trading data

Year-End Close

$1,565

last trading day of 2011

What happened to the gold price in 2011

Gold averaged $1,572 per troy ounce in 2011, climbing 28.3% from the $1,225 average of 2010. Daily trading data shows gold moved between a low of $1,308 and a high of $1,921 during the year, ending 2011 at $1,565. The notable development of 2011: Gold peaks at $1,921; S&P downgrade of U.S..

The 2010s split into two very different halves. Quantitative easing and the European debt crisis drove gold to $1,921 in September 2011, then a multi-year correction set in as the Fed tapered and raised rates, before rate cuts and trade tensions revived the metal late in the decade.

Adjusted for inflation, gold's 2011 average of $1,572 equals about $2,253 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 2011?

Gold averaged $1,572 per troy ounce in 2011, based on LBMA annual average data. Daily prices ranged from a low of $1,308 to a high of $1,921, and the year closed at $1,565. That average was up 28.3% from $1,225 in 2010.

What is a 2011 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 2011 average of $1,572 works out to roughly $2,253 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 2011?

The defining story of 2011: Gold peaks at $1,921; S&P downgrade of U.S.. Against that backdrop, the annual average climbed 28.3%, from $1,225 in 2010 to $1,572.

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.