Gold averaged $1,570.91 an ounce in 2011, rising 8.9% over the year. Gold reached a record above $1,900 an ounce in September 2011 amid the eurozone debt crisis and the first downgrade of the US credit rating.
| Month | Average | High | Low |
|---|---|---|---|
| January | $1,358.74 | $1,405.50 | $1,319.00 |
| February | $1,372.73 | $1,411.50 | $1,328.00 |
| March | $1,424.01 | $1,447.00 | $1,400.50 |
| April | $1,479.62 | $1,535.50 | $1,418.00 |
| May | $1,512.60 | $1,541.00 | $1,478.50 |
| June | $1,528.66 | $1,552.50 | $1,498.00 |
| July | $1,572.81 | $1,628.50 | $1,483.00 |
| August | $1,755.72 | $1,877.50 | $1,623.00 |
| September | $1,771.85 | $1,895.00 | $1,598.00 |
| October | $1,665.21 | $1,741.00 | $1,617.00 |
| November | $1,738.98 | $1,795.00 | $1,681.00 |
| December | $1,640.80 | $1,752.00 | $1,531.00 |
Gold averaged $1,570.91 per troy ounce in 2011. It opened the year at $1,405.50 and closed at $1,531.00.
Gold's highest daily price in 2011 was $1,895.00 on September 5; its lowest was $1,319.00 on January 28.
Adjusted for US consumer price inflation, 2011's average gold price of $1,570.91 equals about $2,334 in today's dollars.
At 2011's average price, $1,000 bought about 0.64 ounces of gold, worth $2,670 at today's price of $4,194.40.