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 16 May 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $691.50 per troy ounce on 16 May 2006, up $7.900 (1.16%) from the previous close of $683.60.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 3.93% 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 5 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $418.90, making this a +65.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $691.50 per troy ounce on 16 May 2006. That is $7.90 higher than the previous close of $683.60, a move of 1.16%.
The gold price rose on 16 May 2006, gaining $7.90 (1.16%) against the previous session's close of $683.60.
At $691.50 per troy ounce, one gram of pure gold was worth about $22.23 on 16 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 May 2006 18k gold was worth about $16.67 per gram and 14k about $12.97 per gram, against $22.23 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.4 on 16 May 2006, meaning one ounce of gold was worth roughly 51.4 ounces of silver.
A month before 16 May 2006, gold was around $596.50 per troy ounce, so the close of $691.50 is a gain of 15.9% over the month.
A year before 16 May 2006, gold was around $418.90 per troy ounce. The close of $691.50 therefore represents a rise of 65.1% over twelve months.
It closed 3.93% below the highest close on record up to that date, which was set on 2006-05-11.