Highest so far that week
This was the strongest close of the week up to that point.
Loading…
This page is a historical record of the gold price in 16 August 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $628.70 per troy ounce on 16 August 2006, up $6.200 (1.00%) from the previous close of $622.50.
This was the strongest close of the week up to that point.
This close sat 12.66% 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 $446.10, making this a +40.93% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $628.70 per troy ounce on 16 August 2006. That is $6.20 higher than the previous close of $622.50, a move of 1.00%.
The gold price rose on 16 August 2006, gaining $6.20 (1.00%) against the previous session's close of $622.50.
At $628.70 per troy ounce, one gram of pure gold was worth about $20.21 on 16 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2006 18k gold was worth about $15.16 per gram and 14k about $11.79 per gram, against $20.21 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.3 on 16 August 2006, meaning one ounce of gold was worth roughly 51.3 ounces of silver.
A week before 16 August 2006, gold was around $650.50 per troy ounce, so the close of $628.70 is a loss of 3.4% over the week.
A month before 16 August 2006, gold was around $666.60 per troy ounce, so the close of $628.70 is a loss of 5.7% over the month.
A year before 16 August 2006, gold was around $446.10 per troy ounce. The close of $628.70 therefore represents a rise of 40.9% over twelve months.
It closed 12.66% below the highest close on record up to that date, which was set on 2006-05-11.