Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 15 May 2006, not the current price.See today's gold price (11 September 2026)
Gold falls 3.8% in a single session
Gold closed at $683.60 per troy ounce on 15 May 2006, down $26.70 (3.76%) from the previous close of $710.30.
Notable session: moved more than 3% in a session.
Gold lost 3.76% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This was the strongest close of the week up to that point.
This close sat 5.03% 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 7 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $420.20, making this a +62.68% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $683.60 per troy ounce on 15 May 2006. That is $26.70 lower than the previous close of $710.30, a move of -3.76%.
The gold price fell on 15 May 2006, losing $26.70 (3.76%) against the previous session's close of $710.30.
At $683.60 per troy ounce, one gram of pure gold was worth about $21.98 on 15 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 May 2006 18k gold was worth about $16.48 per gram and 14k about $12.82 per gram, against $21.98 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.6 on 15 May 2006, meaning one ounce of gold was worth roughly 51.6 ounces of silver.
A month before 15 May 2006, gold was around $596.50 per troy ounce, so the close of $683.60 is a gain of 14.6% over the month.
A year before 15 May 2006, gold was around $420.20 per troy ounce. The close of $683.60 therefore represents a rise of 62.7% over twelve months.
It closed 5.03% below the highest close on record up to that date, which was set on 2006-05-11.