Distance from the record
This close sat 13.34% 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 14 November 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $623.80 per troy ounce on 14 November 2006, down $0.400 (0.06%) from the previous close of $624.20.
This close extended a run of 3 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 13.34% 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 $468.20, making this a +33.23% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $623.80 per troy ounce on 14 November 2006. That is $0.40 lower than the previous close of $624.20, a move of -0.06%.
The gold price fell on 14 November 2006, losing $0.40 (0.06%) against the previous session's close of $624.20.
At $623.80 per troy ounce, one gram of pure gold was worth about $20.06 on 14 November 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 14 November 2006 18k gold was worth about $15.04 per gram and 14k about $11.70 per gram, against $20.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 48.5 on 14 November 2006, meaning one ounce of gold was worth roughly 48.5 ounces of silver.
A month before 14 November 2006, gold was around $588.80 per troy ounce, so the close of $623.80 is a gain of 5.9% over the month.
A year before 14 November 2006, gold was around $468.20 per troy ounce. The close of $623.80 therefore represents a rise of 33.2% over twelve months.
This close was session 3 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 13.34% below the highest close on record up to that date, which was set on 2006-05-11.