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Gold's highest closing price on record
Gold closed at $581.80 per troy ounce on 1 March 2006, up $20.20 (3.60%) from the previous close of $561.60.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $428.70, making this a +35.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $581.80 per troy ounce on 1 March 2006. That is $20.20 higher than the previous close of $561.60, a move of 3.60%.
The gold price rose on 1 March 2006, gaining $20.20 (3.60%) against the previous session's close of $561.60.
At $581.80 per troy ounce, one gram of pure gold was worth about $18.71 on 1 March 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2006 18k gold was worth about $14.03 per gram and 14k about $10.91 per gram, against $18.71 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.7 on 1 March 2006, meaning one ounce of gold was worth roughly 50.7 ounces of silver.
A week before 1 March 2006, gold was around $561.60 per troy ounce, so the close of $581.80 is a gain of 3.6% over the week.
A month before 1 March 2006, gold was around $561.60 per troy ounce, so the close of $581.80 is a gain of 3.6% over the month.
A year before 1 March 2006, gold was around $428.70 per troy ounce. The close of $581.80 therefore represents a rise of 35.7% over twelve months.