Distance from the record
This close sat 1.32% below the highest gold close recorded up to that date, set on 2006-05-11.
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This page is a historical record of the gold price in 12 May 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $710.30 per troy ounce on 12 May 2006, down $9.500 (1.32%) from the previous close of $719.80.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 1.32% below the highest gold close recorded up to that date, set on 2006-05-11.
One of the ten highest gold closes of that year, ranking 2 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $421.60, making this a +68.48% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $710.30 per troy ounce on 12 May 2006. That is $9.50 lower than the previous close of $719.80, a move of -1.32%.
The gold price fell on 12 May 2006, losing $9.50 (1.32%) against the previous session's close of $719.80.
At $710.30 per troy ounce, one gram of pure gold was worth about $22.84 on 12 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 May 2006 18k gold was worth about $17.13 per gram and 14k about $13.32 per gram, against $22.84 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.2 on 12 May 2006, meaning one ounce of gold was worth roughly 50.2 ounces of silver.
A week before 12 May 2006, gold was around $682.20 per troy ounce, so the close of $710.30 is a gain of 4.1% over the week.
A month before 12 May 2006, gold was around $597.50 per troy ounce, so the close of $710.30 is a gain of 18.9% over the month.
A year before 12 May 2006, gold was around $421.60 per troy ounce. The close of $710.30 therefore represents a rise of 68.5% over twelve months.
It closed 1.32% below the highest close on record up to that date, which was set on 2006-05-11.