Gold price in 2011: open, high, low, close
Gold averaged $1,572.14 an ounce in 2011, moving between $1,318.40 and $1,888.70. Month-by-month figures, the year's change and the inflation-adjusted value, from public data.
Gold price in 2011, month by month (US dollars per troy ounce)
| Month | Open | High | Low | Close | London avg |
|---|---|---|---|---|---|
| January | $1,422.60 | $1,422.60 | $1,318.40 | $1,333.80 | $1,360.00 |
| February | $1,339.60 | $1,415.30 | $1,331.50 | $1,409.30 | $1,375.00 |
| March | $1,430.70 | $1,438.90 | $1,392.60 | $1,438.90 | $1,423.00 |
| April | $1,428.10 | $1,556.00 | $1,428.10 | $1,556.00 | $1,481.00 |
| May | $1,556.70 | $1,556.70 | $1,479.80 | $1,535.90 | $1,513.00 |
| June | $1,542.40 | $1,552.90 | $1,496.00 | $1,502.30 | $1,529.00 |
| July | $1,482.30 | $1,628.30 | $1,482.30 | $1,628.30 | $1,573.00 |
| August | $1,619.00 | $1,888.70 | $1,619.00 | $1,828.50 | $1,759.00 |
| September | $1,826.00 | $1,873.70 | $1,592.50 | $1,620.40 | $1,772.00 |
| October | $1,656.00 | $1,746.70 | $1,611.90 | $1,724.20 | $1,666.00 |
| November | $1,711.00 | $1,798.40 | $1,678.30 | $1,745.50 | $1,739.00 |
| December | $1,735.30 | $1,747.00 | $1,539.90 | $1,565.80 | $1,640.00 |
Open, high, low and close are daily COMEX futures settlements; the last column is the monthly average of the London (LBMA) price, which differs slightly from COMEX.
Source: World Bank Commodity Markets (Pink Sheet) monthly London gold prices; COMEX gold futures (GC=F) daily settlements; US CPI (FRED series CPIAUCSL). Data updated ; refreshed automatically about once a day. Figures are indicative and may be revised by the sources.
Gold in 2011: the numbers
In 2011, gold averaged $1,572.14 an ounce, measured by daily COMEX settlement prices. It opened the year at $1,422.60, reached a high of $1,888.70 in August 2011 and a low of $1,318.40 in January 2011, and closed at $1,565.80, a change of +10.2% from the end of 2010. 7 of the 11 month-to-month changes were higher. Adjusted for inflation, the closing price equals about $2,317 in September 2026 dollars.
For context, gold closed 2010 at $1,421.10 and 2012 at $1,674.80 (+7.0% in 2012).
Gold set the record of that cycle in early September 2011 (the London afternoon fix peaked at $1,895 on 5 September), after Standard & Poor's downgraded the US credit rating on 5 August and the euro-area debt crisis spread to Italy and Spain. The Federal Reserve's second round of quantitative easing had ended in June, and it announced 'Operation Twist' on 21 September.
How this compares with the whole record
The gold price history page charts every year since 1968 and lists the open, high, low and close of each, and the all-time-high tracker shows every record close. Figures for 2011 use daily COMEX settlement prices; the London price and COMEX futures differ slightly, usually by a few dollars.
Frequently asked questions
What was the gold price in 2011?
Gold averaged $1,572.14 per troy ounce in 2011, measured by daily COMEX settlement prices. It opened the year at $1,422.60 and closed at $1,565.80.
What was the highest gold price in 2011?
The highest daily settlement in 2011 was $1,888.70, in August 2011. Intraday highs were slightly higher.
What was the lowest gold price in 2011?
The lowest daily settlement in 2011 was $1,318.40, in January 2011.
Did gold go up or down in 2011?
Gold up +10.2% in 2011, from $1,421.10 at the end of 2010 to $1,565.80. Adjusted for inflation, that closing price is about $2,317 in September 2026 dollars.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.