Gold price in August 2011: daily prices, high, low and change
Gold closed August 2011 at $1,828.50 an ounce, up 12.30% on the month. The highest close was $1,888.70 on 22 Aug and the lowest $1,619.00 on 1 Aug. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, August 2011 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = July 2011 close ($1,628.30); larger dots = new all-time-high closes.
Daily gold prices in August 2011 (23 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 1 Aug | $1,623.00 | $1,631.80 | $1,607.00 | $1,619.00 | −$9.30 | −0.57% |
| Tue 2 Aug ATH | $1,619.30 | $1,660.60 | $1,616.80 | $1,641.90 | +$22.90 | +1.41% |
| Wed 3 Aug ATH | $1,659.90 | $1,672.30 | $1,651.60 | $1,663.40 | +$21.50 | +1.31% |
| Thu 4 Aug | $1,660.50 | $1,681.80 | $1,640.00 | $1,656.20 | −$7.20 | −0.43% |
| Fri 5 Aug | $1,647.50 | $1,666.10 | $1,642.70 | $1,648.80 | −$7.40 | −0.45% |
| Mon 8 Aug ATH, best day | $1,679.10 | $1,720.00 | $1,678.10 | $1,710.20 | +$61.40 | +3.72% |
| Tue 9 Aug ATH | $1,722.50 | $1,779.00 | $1,720.10 | $1,740.00 | +$29.80 | +1.74% |
| Wed 10 Aug ATH | $1,744.00 | $1,795.60 | $1,741.30 | $1,781.30 | +$41.30 | +2.37% |
| Thu 11 Aug | $1,795.10 | $1,813.50 | $1,733.30 | $1,748.80 | −$32.50 | −1.82% |
| Fri 12 Aug | $1,760.60 | $1,764.20 | $1,723.80 | $1,740.20 | −$8.60 | −0.49% |
| Mon 15 Aug | $1,734.90 | $1,765.20 | $1,730.50 | $1,755.50 | +$15.30 | +0.88% |
| Tue 16 Aug ATH | $1,769.00 | $1,787.30 | $1,761.60 | $1,782.40 | +$26.90 | +1.53% |
| Wed 17 Aug ATH | $1,784.80 | $1,794.30 | $1,782.00 | $1,791.20 | +$8.80 | +0.49% |
| Thu 18 Aug ATH | $1,786.50 | $1,828.50 | $1,785.50 | $1,818.90 | +$27.70 | +1.55% |
| Fri 19 Aug ATH | $1,823.70 | $1,874.40 | $1,823.70 | $1,848.90 | +$30.00 | +1.65% |
| Mon 22 Aug ATH | $1,868.60 | $1,895.00 | $1,858.40 | $1,888.70 | +$39.80 | +2.15% |
| Tue 23 Aug | $1,909.00 | $1,909.30 | $1,824.60 | $1,858.30 | −$30.40 | −1.61% |
| Wed 24 Aug worst day | $1,833.00 | $1,853.10 | $1,753.10 | $1,754.10 | −$104.20 | −5.61% |
| Thu 25 Aug | $1,748.40 | $1,772.50 | $1,707.30 | $1,759.80 | +$5.70 | +0.32% |
| Fri 26 Aug | $1,768.50 | $1,829.30 | $1,768.50 | $1,794.10 | +$34.30 | +1.95% |
| Mon 29 Aug | $1,817.90 | $1,817.90 | $1,786.70 | $1,788.40 | −$5.70 | −0.32% |
| Tue 30 Aug | $1,787.20 | $1,839.60 | $1,783.10 | $1,826.70 | +$38.30 | +2.14% |
| Wed 31 Aug | $1,830.60 | $1,837.90 | $1,811.40 | $1,828.50 | +$1.80 | +0.10% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close.
Monthly open, high, low and close
| August 2011 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $1,619.00 | $1,888.70 | $1,619.00 | $1,828.50 | +12.30% |
| Intraday | $1,623.00 | $1,909.30 23 Aug | $1,607.00 1 Aug | $1,828.50 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2011 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in August 2011: summary
Gold soared 12.30% in August 2011, from $1,628.30 at the end of July 2011 to $1,828.50 an ounce. Settlement prices ranged from $1,619.00 on 1 August 2011 to $1,888.70 on 22 August 2011, a spread of $269.70 (16.6%), wider than the 5.7% average of the previous 12 months. Gold closed higher on 15 of 23 trading days and lower on 8; the strongest session was 8 August 2011 (+3.72%) and the weakest 24 August 2011 (−5.61%).
Gold set 10 new all-time-high closes in August 2011, the highest at $1,888.70 on 22 August 2011. That was the biggest monthly gain since November 2009. The +3.72% move on 8 August 2011 was the largest one-day gain of 2011, and the largest since 19 March 2009.
How August 2011 compares
- Against other Augusts: at +12.30%, August 2011 ranks 1st of 26 Augusts since 2001 (best first), the best since 2001.
- Against every month: it ranks 3rd of 313 months since September 2000, better than 99% of them.
- Range: the gap between the highest and lowest close was $269.70, or 16.6% of the opening level, 2.9× the 5.7% average of the previous 12 months.
- Daily moves: the average day moved 1.51% (up or down), against 0.65% over the previous 12 months, so August 2011 was more volatile than usual.
- Streaks: the longest run of higher closes was 6 days and the longest run of lower closes 2 days.
- Bigger picture: at the month-end close gold was +28.67% for 2011 to the end of August and +46.48% over 12 months (against the August 2010 close of $1,248.30).
- Average price: the mean of the 23 daily closes was $1,758.49; the World Bank's monthly average of the London (LBMA) price was $1,759.00.
Across the other 25 completed Augusts since 2001, gold averaged +2.11% and rose in 18 of them (72%). August 2011 beat that average by 10.2 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Augusts side by side.
August 2011 in today's dollars
Adjusted for US consumer-price inflation, the $1,828.50 closing price equals about $2,720 in September 2026 dollars (CPI 226.1 in August 2011 against 336.3 in September 2026, FRED series CPIAUCSL), 49% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2011
The gold price in 2011 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in August 2011?
Gold closed August 2011 at $1,828.50 an ounce (COMEX settlement). It opened the month at $1,619.00 and averaged $1,758.49 across 23 trading days; the World Bank’s London average for the month was $1,759.00.
Did gold go up in August 2011?
Yes. Gold was up 12.30% in August 2011, from $1,628.30 at the end of July 2011 to $1,828.50. It closed higher on 15 of 23 days. Among Augusts since 2001 it ranks 1st of 26 (best first).
What was the highest gold price in August 2011?
The highest close was $1,888.70 on 22 August 2011. The highest intraday price in the daily bars was $1,909.30 on 23 August 2011. It was a new all-time-high close.
What was the lowest gold price in August 2011?
The lowest close was $1,619.00 on 1 August 2011, $269.70 (16.6%) below the month’s highest close. The lowest intraday price was $1,607.00 on 1 August 2011.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.