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Gold Price in November 2009

In November 2009, gold rose 13.6%, from $1,039.70 at the end of October to $1,181.10 per troy ounce on November 30, 2009. The highest close was $1,186.90 on November 25, 2009, the lowest $1,053.40 on November 2, 2009, and the average over 20 trading days was $1,126.25. Today's price is 240.8% higher than the November 2009 close.

  • Gold rose 13.6% in US dollars in November 2009, leaving it up 33.7% for the year to date.
  • Measured in other currencies, the change ranged from +7.3% in ZAR to +15.8% in TRY, because exchange rates moved too.
  • It did better than US stocks (+6.0%), and worse than silver (+13.8%).
  • It closed higher on 18 trading days and lower on 2, with an average daily move of 0.82%.
  • It set 11 record closing highs (London price, records since 1968), the last on 26 November.
  • Gold/silver ratio: 64.0 → 63.9.
End of October
$1,039.70
Month-end close
$1,181.10
Nov 30
Change
+13.6%
High
$1,186.90
Nov 25
Low
$1,053.40
Nov 2
Average
$1,126.25
20 trading days

Gold price chart, November 2009

US dollars per troy ounce · daily close
$1,028$1,113$1,199Oct 30Nov 4Nov 10Nov 13Nov 18Nov 24Nov 30

Gold in other currencies, November 2009

CurrencyChange in the month
TRY+15.8%
CNY+13.6%
GBP+13.5%
PKR+13.4%
EGP+13.3%
INR+12.5%
AUD+11.5%
EUR+11.3%
CHF+11.0%
CAD+10.4%
JPY+8.8%
ZAR+7.3%

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, November 2009

AssetChange (USD)
Gold+13.6%
Silver+13.8%
S&P 500 (with dividends)+6.0%
US inflation (CPI, month)+0.07%
Gold, year to date (end of November)+33.7%
Gold/silver ratio64.0 → 63.9

Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.

Key Events in November 2009

  1. Monday, November 2
    IMF announces the sale of 200 tonnes of gold to the Reserve Bank of India. Source
    Gold: +1.3% that day

Daily Gold Prices, November 2009

Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.

DateClose (USD per oz)ChangeUSD per gram24K India, ₹ per 10 g24K UAE, AED per gram
Nov 2Mon$1,053.40+1.32% $33.87 ₹15,850AED 124.39
Nov 3Tue$1,084.30+2.93% $34.86 ₹16,472AED 128.04
Nov 4Wed$1,086.70+0.22% $34.94 ₹16,351AED 128.32
Nov 5Thu$1,088.70+0.18% $35.00 ₹16,429AED 128.53
Nov 6Fri$1,095.10+0.59% $35.21 ₹16,456AED 129.28
Nov 9Mon$1,100.80+0.52% $35.39 ₹16,410AED 129.94
Nov 10Tue$1,101.90+0.10% $35.43 ₹16,409AED 130.09
Nov 11Wed$1,114.00+1.10% $35.82 ₹16,621AED 131.52
Nov 12Thu$1,106.00−0.72% $35.56 ₹16,592AED 130.60
Nov 13Fri$1,116.10+0.91% $35.88 ₹16,599AED 131.77
Nov 16Mon$1,138.60+2.02% $36.61 ₹16,835AED 134.45
Nov 17Tue$1,138.80+0.02% $36.61 ₹16,926AED 134.47
Nov 18Wed$1,140.70+0.17% $36.67 ₹16,907AED 134.67
Nov 19Thu$1,141.40+0.06% $36.70 ₹17,082AED 134.78
Nov 20Fri$1,146.40+0.44% $36.86 ₹17,154AED 135.37
Nov 23Mon$1,164.30+1.56% $37.43 ₹17,354AED 137.48
Nov 24Tue$1,165.50+0.10% $37.47 ₹17,349AED 137.60
Nov 25Wed$1,186.90+1.84% $38.16 ₹17,557AED 140.16
Nov 27Fri$1,174.20−1.07% $37.75 ₹17,536AED 138.65
Nov 30Mon$1,181.10+0.59% $37.97 ₹17,642AED 139.47
Daily closing prices of COMEX front-month gold futures (US dollars per troy ounce), which track the spot price closely. Local-currency columns are the US-dollar close × that day's exchange rate — the value of the metal before local taxes and premiums.

How November usually goes for gold

In the 20 years from 2006 to 2025, gold rose in November 11 times out of 20, with an average move of +1.0% and a median of +0.4%.

Gold in November 2009: FAQ

What was the price of gold in November 2009?

Gold traded between $1,053.40 and $1,186.90 per troy ounce (daily closes) in November 2009, averaging $1,126.25. It closed the month at $1,181.10.

How much did gold go up in November 2009?

Gold rose 13.6%, from $1,039.70 to $1,181.10. The biggest daily rise was +2.9% on November 3, 2009 and the biggest fall −1.1% on November 27, 2009.

What was the gold price on November 2, 2009?

Gold closed at $1,053.40 per troy ounce on November 2, 2009, the first trading day of the month. 24K India, ₹ per 10 g: ₹15,850.

Is November usually a good month for gold?

In the 20 years from 2006 to 2025, gold rose in November 11 times out of 20, with an average move of +1.0% and a median of +0.4%. Past seasonal patterns are not a reliable guide to any single year.

How much did gold change in rupees in November 2009?

Gold rose 12.5% in Indian rupee terms in November 2009, compared with +13.6% in US dollars.

Did gold beat stocks in November 2009?

Yes. Gold was +13.6% for the month, against +6.0% for the S&P 500 with dividends.

Did gold keep up with inflation in November 2009?

US consumer prices (CPI) changed +0.07% in November, so gold's real (inflation-adjusted) change was about +13.5%.

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