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Gold ranged between $1,333.80 and $1,828.50 per troy ounce during 2011, averaging $1,577.55 across 11 trading days. It finished the period at $1,565.80, up 10.18% from $1,421.10.
Metal value only, before dealer margins and fabrication.
The strongest session of 2011 was 1 August 2011 at +12.30%, and the weakest 1 September 2011 at -11.38%.
Twelve months earlier gold traded around $1,421.10, making this a +10.18% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2011 | $1,333.80 | −$87.30 |
| 1 February 2011 | $1,409.30 | +$75.50 |
| 1 March 2011 | $1,438.90 | +$29.60 |
| 1 April 2011 | $1,556.00 | +$117.10 |
| 1 June 2011 | $1,502.30 | −$53.70 |
| 1 July 2011 | $1,628.30 | +$126.00 |
| 1 August 2011 | $1,828.50 | +$200.20 |
| 1 September 2011 | $1,620.40 | −$208.10 |
| 1 October 2011 | $1,724.20 | +$103.80 |
| 1 November 2011 | $1,745.50 | +$21.30 |
| 1 December 2011 | $1,565.80 | −$179.70 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Gold finished 2011 at $1,565.80 per troy ounce, having risen $144.70 (10.18%) over the year. It has traded between $1,333.80 and $1,828.50 across 11 trading days.
The average gold closing price in 2011 was $1,577.55 per troy ounce, calculated across all 11 trading days in the year.
Gold reached its highest close of 2011 at $1,828.50 per troy ounce on 1 August 2011.
The lowest gold close in 2011 was $1,333.80 per troy ounce on 1 January 2011.
Gold rose during 2011. It entered the year at $1,421.10 and closed at $1,565.80, a change of 10.18%.
Gold closed higher on 7 sessions and lower on 4 during 2011. The strongest session was 1 August 2011 (+12.30%) and the weakest 1 September 2011 (-11.38%).
Daily closes in 2011 varied with a standard deviation of 7.98% per session, and the peak-to-trough spread across the year was 37.1% ($1,333.80 to $1,828.50).
At the 2011 close of $1,565.80 per troy ounce, gold worked out at about $50.34 per gram and $50,341.64 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 45.5 through 2011 and finished the year near 56.2. A higher ratio means silver is cheap relative to gold.
Gold was around $1,421.10 per troy ounce twelve months before the end of 2011. Closing at $1,565.80 makes that a gain of 10.2% year on year.