Distance from the record
This close sat 13.52% 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 15 August 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 26 July 2006
Gold closed at $622.50 per troy ounce on 15 August 2006, down $6.000 (0.95%) from the previous close of $628.50.
This close extended a run of 4 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 13.52% 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 $442.20, making this a +40.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $622.50 per troy ounce on 15 August 2006. That is $6.00 lower than the previous close of $628.50, a move of -0.95%.
The gold price fell on 15 August 2006, losing $6.00 (0.95%) against the previous session's close of $628.50.
At $622.50 per troy ounce, one gram of pure gold was worth about $20.01 on 15 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 August 2006 18k gold was worth about $15.01 per gram and 14k about $11.67 per gram, against $20.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.6 on 15 August 2006, meaning one ounce of gold was worth roughly 51.6 ounces of silver.
A week before 15 August 2006, gold was around $645.70 per troy ounce, so the close of $622.50 is a loss of 3.6% over the week.
A month before 15 August 2006, gold was around $666.60 per troy ounce, so the close of $622.50 is a loss of 6.6% over the month.
A year before 15 August 2006, gold was around $442.20 per troy ounce. The close of $622.50 therefore represents a rise of 40.8% over twelve months.
This close was session 4 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 13.52% below the highest close on record up to that date, which was set on 2006-05-11.