Distance from the record
This close sat 19.70% 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 16 June 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $578.00 per troy ounce on 16 June 2006, up $11.50 (2.03%) from the previous close of $566.50.
This was a 2.03% move in one session — well beyond a typical day for gold. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
This close sat 19.70% 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 $436.20, making this a +32.51% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $578.00 per troy ounce on 16 June 2006. That is $11.50 higher than the previous close of $566.50, a move of 2.03%.
The gold price rose on 16 June 2006, gaining $11.50 (2.03%) against the previous session's close of $566.50.
At $578.00 per troy ounce, one gram of pure gold was worth about $18.58 on 16 June 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 June 2006 18k gold was worth about $13.94 per gram and 14k about $10.84 per gram, against $18.58 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 57.2 on 16 June 2006, meaning one ounce of gold was worth roughly 57.2 ounces of silver.
A week before 16 June 2006, gold was around $608.20 per troy ounce, so the close of $578.00 is a loss of 5.0% over the week.
A month before 16 June 2006, gold was around $691.50 per troy ounce, so the close of $578.00 is a loss of 16.4% over the month.
A year before 16 June 2006, gold was around $436.20 per troy ounce. The close of $578.00 therefore represents a rise of 32.5% over twelve months.
It closed 19.70% below the highest close on record up to that date, which was set on 2006-05-11.