Distance from the record
This close sat 18.46% below the highest gold close recorded up to that date, set on 2006-05-11.
Loading…
This page is a historical record of the gold price in 12 September 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 June 2006
Gold closed at $586.90 per troy ounce on 12 September 2006, down $3.100 (0.53%) from the previous close of $590.00.
This close extended a run of 5 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 18.46% below the highest gold close recorded up to that date, set on 2006-05-11.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $449.70, making this a +30.51% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $586.90 per troy ounce on 12 September 2006. That is $3.10 lower than the previous close of $590.00, a move of -0.53%.
The gold price fell on 12 September 2006, losing $3.10 (0.53%) against the previous session's close of $590.00.
At $586.90 per troy ounce, one gram of pure gold was worth about $18.87 on 12 September 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 September 2006 18k gold was worth about $14.15 per gram and 14k about $11.01 per gram, against $18.87 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.2 on 12 September 2006, meaning one ounce of gold was worth roughly 53.2 ounces of silver.
A week before 12 September 2006, gold was around $638.50 per troy ounce, so the close of $586.90 is a loss of 8.1% over the week.
A month before 12 September 2006, gold was around $633.50 per troy ounce, so the close of $586.90 is a loss of 7.4% over the month.
A year before 12 September 2006, gold was around $449.70 per troy ounce. The close of $586.90 therefore represents a rise of 30.5% over twelve months.
This close was session 5 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 18.46% below the highest close on record up to that date, which was set on 2006-05-11.