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Highest closing price since 1 April 2006
Gold closed at $646.90 per troy ounce on 1 November 2006, up $48.30 (8.07%) from the previous close of $598.60.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $494.60, making this a +30.79% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $646.90 per troy ounce on 1 November 2006. That is $48.30 higher than the previous close of $598.60, a move of 8.07%.
The gold price rose on 1 November 2006, gaining $48.30 (8.07%) against the previous session's close of $598.60.
At $646.90 per troy ounce, one gram of pure gold was worth about $20.80 on 1 November 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 November 2006 18k gold was worth about $15.60 per gram and 14k about $12.13 per gram, against $20.80 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 46.5 on 1 November 2006, meaning one ounce of gold was worth roughly 46.5 ounces of silver.
A week before 1 November 2006, gold was around $598.60 per troy ounce, so the close of $646.90 is a gain of 8.1% over the week.
A month before 1 November 2006, gold was around $598.60 per troy ounce, so the close of $646.90 is a gain of 8.1% over the month.
A year before 1 November 2006, gold was around $494.60 per troy ounce. The close of $646.90 therefore represents a rise of 30.8% over twelve months.