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Lowest closing price since 1 March 2006
Gold closed at $642.50 per troy ounce on 1 May 2006, down $9.300 (1.43%) from the previous close of $651.80.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $435.00, making this a +47.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $642.50 per troy ounce on 1 May 2006. That is $9.30 lower than the previous close of $651.80, a move of -1.43%.
The gold price fell on 1 May 2006, losing $9.30 (1.43%) against the previous session's close of $651.80.
At $642.50 per troy ounce, one gram of pure gold was worth about $20.66 on 1 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 May 2006 18k gold was worth about $15.49 per gram and 14k about $12.05 per gram, against $20.66 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.8 on 1 May 2006, meaning one ounce of gold was worth roughly 51.8 ounces of silver.
A week before 1 May 2006, gold was around $651.80 per troy ounce, so the close of $642.50 is a loss of 1.4% over the week.
A month before 1 May 2006, gold was around $651.80 per troy ounce, so the close of $642.50 is a loss of 1.4% over the month.
A year before 1 May 2006, gold was around $435.00 per troy ounce. The close of $642.50 therefore represents a rise of 47.7% over twelve months.