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Gold's highest closing price on record
Gold closed at $561.60 per troy ounce on 1 February 2006, up $44.50 (8.61%) from the previous close of $517.10.
Notable session: lowest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $436.50, making this a +28.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $561.60 per troy ounce on 1 February 2006. That is $44.50 higher than the previous close of $517.10, a move of 8.61%.
The gold price rose on 1 February 2006, gaining $44.50 (8.61%) against the previous session's close of $517.10.
At $561.60 per troy ounce, one gram of pure gold was worth about $18.06 on 1 February 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 February 2006 18k gold was worth about $13.54 per gram and 14k about $10.53 per gram, against $18.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 57.8 on 1 February 2006, meaning one ounce of gold was worth roughly 57.8 ounces of silver.
A week before 1 February 2006, gold was around $517.10 per troy ounce, so the close of $561.60 is a gain of 8.6% over the week.
A month before 1 February 2006, gold was around $517.10 per troy ounce, so the close of $561.60 is a gain of 8.6% over the month.
A year before 1 February 2006, gold was around $436.50 per troy ounce. The close of $561.60 therefore represents a rise of 28.7% over twelve months.