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Gold's highest closing price on record
Gold closed at $651.80 per troy ounce on 1 April 2006, up $70.00 (12.03%) from the previous close of $581.80.
Notable session: highest close of the year; one of the largest single-day moves on record; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $435.00, making this a +49.84% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $651.80 per troy ounce on 1 April 2006. That is $70.00 higher than the previous close of $581.80, a move of 12.03%.
The gold price rose on 1 April 2006, gaining $70.00 (12.03%) against the previous session's close of $581.80.
At $651.80 per troy ounce, one gram of pure gold was worth about $20.96 on 1 April 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 April 2006 18k gold was worth about $15.72 per gram and 14k about $12.22 per gram, against $20.96 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 48.2 on 1 April 2006, meaning one ounce of gold was worth roughly 48.2 ounces of silver.
A week before 1 April 2006, gold was around $581.80 per troy ounce, so the close of $651.80 is a gain of 12.0% over the week.
A month before 1 April 2006, gold was around $581.80 per troy ounce, so the close of $651.80 is a gain of 12.0% over the month.
A year before 1 April 2006, gold was around $435.00 per troy ounce. The close of $651.80 therefore represents a rise of 49.8% over twelve months.