Gold Price in July 2001
In July 2001, gold fell 1.6%, from $270.60 at the end of June to $266.20 per troy ounce on July 31, 2001. The highest close was $270.40 on July 18, 2001, the lowest $264.60 on July 30, 2001, and the average over 21 trading days was $267.52. Today's price is 1,411.7% higher than the July 2001 close.
- Gold fell 1.6% in US dollars in July 2001, leaving it down 2.1% for the year to date.
- Measured in other currencies, the change ranged from −1.6% in CNY to −0.4% in EGP, because exchange rates moved too.
- It did better than silver (−1.9%), and worse than US stocks (−1.0%).
- It closed higher on 10 trading days and lower on 11, with an average daily move of 0.49%.
- At the end of the month it was 7.4% below its highest close since 2000.
- Gold/silver ratio: 63.0 → 63.2.
Gold price chart, July 2001
US dollars per troy ounce · daily closeGold in other currencies, July 2001
| Currency | Change in the month |
|---|---|
| EGP | −0.4% |
| JPY | −1.2% |
| CNY | −1.6% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, July 2001
| Asset | Change (USD) |
|---|---|
| Gold | −1.6% |
| Silver | −1.9% |
| S&P 500 (with dividends) | −1.0% |
| US inflation (CPI, month) | −0.28% |
| Gold, year to date (end of July) | −2.1% |
| Gold/silver ratio | 63.0 → 63.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, July 2001
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Jul 2Mon | $269.40 | −0.44% | $8.66 |
| Jul 3Tue | $267.60 | −0.67% | $8.60 |
| Jul 5Thu | $265.10 | −0.93% | $8.52 |
| Jul 6Fri | $265.90 | +0.30% | $8.55 |
| Jul 9Mon | $266.50 | +0.23% | $8.57 |
| Jul 10Tue | $266.20 | −0.11% | $8.56 |
| Jul 11Wed | $268.30 | +0.79% | $8.63 |
| Jul 12Thu | $266.60 | −0.63% | $8.57 |
| Jul 13Fri | $267.10 | +0.19% | $8.59 |
| Jul 16Mon | $266.90 | −0.07% | $8.58 |
| Jul 17Tue | $268.10 | +0.45% | $8.62 |
| Jul 18Wed | $270.40 | +0.86% | $8.69 |
| Jul 19Thu | $269.40 | −0.37% | $8.66 |
| Jul 20Fri | $269.90 | +0.19% | $8.68 |
| Jul 23Mon | $268.80 | −0.41% | $8.64 |
| Jul 24Tue | $269.70 | +0.33% | $8.67 |
| Jul 25Wed | $267.70 | −0.74% | $8.61 |
| Jul 26Thu | $266.20 | −0.56% | $8.56 |
| Jul 27Fri | $267.40 | +0.45% | $8.60 |
| Jul 30Mon | $264.60 | −1.05% | $8.51 |
| Jul 31Tue | $266.20 | +0.60% | $8.56 |
How July usually goes for gold
In the 20 years from 2006 to 2025, gold rose in July 13 times out of 20, with an average move of +1.3% and a median of +2.1%.
Gold in July 2001: FAQ
What was the price of gold in July 2001?
Gold traded between $264.60 and $270.40 per troy ounce (daily closes) in July 2001, averaging $267.52. It closed the month at $266.20.
How much did gold go down in July 2001?
Gold fell 1.6%, from $270.60 to $266.20. The biggest daily rise was +0.9% on July 18, 2001 and the biggest fall −1.0% on July 30, 2001.
What was the gold price on July 2, 2001?
Gold closed at $269.40 per troy ounce on July 2, 2001, the first trading day of the month.
Is July usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in July 13 times out of 20, with an average move of +1.3% and a median of +2.1%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in July 2001?
No. Gold was −1.6% for the month, against −1.0% for the S&P 500 with dividends.
Did gold keep up with inflation in July 2001?
US consumer prices (CPI) changed −0.28% in July, so gold's real (inflation-adjusted) change was about −1.3%.