Gold since 2011: what €10,000 would be worth
A reproducible illustrative calculation using the stored gold-price series, with chart, return and disclosed methodology.
What a 10,000 investment in gold would have become since 2011
- Model starting date
- Jan 17, 2011Reference price per troy ounce: $1,360.50
- Model ending date
- Oct 7, 2026Reference price per troy ounce: $4,136.77
- Illustrative starting amount
- $10,000
- Calculated ending value
- $30,406
- Nominal change
- +204.06 %
- Average per year
- +7.33 %
Calculated value
The update time above refers to the current market price. This model ends on the historical date shown here.
Illustrative calculation excluding premiums, spread, custody, tax and inflation. It is not investment advice and does not represent an actual purchase.
Gold Update (2026): Gold since 2011 – a data-based analysis of the stored historical reference-price series.
How the calculation works
The model uses the first displayed historical reference value on or after 1 January 2011 and the final displayed value. These points come from the long-term series sampled for the chart, so the starting point is not necessarily the first stored day of the year and may differ by currency. 10,000 units of the selected currency are divided by the starting price per troy ounce and multiplied by the ending price. The dates and both reference prices appear beside the result. No actual purchase at these prices is assumed.
Reference-value origins: for each date, the stored series prioritises daily averages of our ten-minute observations, then imported Gold API daily averages, then World Bank monthly averages. A point stored as a monthly average represents a monthly mean, not a tradable quote on its calendar date. EUR and other currencies use date-aligned historical ECB exchange rates. The mix of sources and frequencies matters when interpreting the return.
What the analysis does not claim
It excludes bid-ask spreads, premiums, custody, tax and personal circumstances. Nominal return is not the same as inflation-adjusted purchasing power. Past performance cannot predict future outcomes.
Sources
How to cite this analysis
Gold Update (2026): Gold since 2011 – data analysis. Available at: https://www.gold-update.com/en/studie/gold-seit-2011