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
Gold Price Chart, 2001 to 2021
Gold Price by Month in 2011
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 2011 | $1,361 | $1,424 | $1,308 |
| February 2011 | $1,375 | $1,418 | $1,325 |
| March 2011 | $1,423 | $1,448 | $1,381 |
| April 2011 | $1,485 | $1,569 | $1,413 |
| May 2011 | $1,513 | $1,576 | $1,463 |
| June 2011 | $1,529 | $1,558 | $1,491 |
| July 2011 | $1,575 | $1,633 | $1,478 |
| August 2011 | $1,764 | $1,912 | $1,606 |
| September 2011 | $1,772 | $1,921 | $1,533 |
| October 2011 | $1,671 | $1,753 | $1,596 |
| November 2011 | $1,739 | $1,803 | $1,667 |
| December 2011 | $1,638 | $1,763 | $1,523 |
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?
What is a 2011 gold price worth in today's dollars?
What moved the gold price in 2011?
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.