Distance from the record
This close sat 13.78% 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 November 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $620.60 per troy ounce on 16 November 2006, down $1.900 (0.31%) from the previous close of $622.50.
This close extended a run of 5 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 13.78% 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 $478.30, making this a +29.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $620.60 per troy ounce on 16 November 2006. That is $1.90 lower than the previous close of $622.50, a move of -0.31%.
The gold price fell on 16 November 2006, losing $1.90 (0.31%) against the previous session's close of $622.50.
At $620.60 per troy ounce, one gram of pure gold was worth about $19.95 on 16 November 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 November 2006 18k gold was worth about $14.96 per gram and 14k about $11.64 per gram, against $19.95 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 48.0 on 16 November 2006, meaning one ounce of gold was worth roughly 48.0 ounces of silver.
A week before 16 November 2006, gold was around $635.00 per troy ounce, so the close of $620.60 is a loss of 2.3% over the week.
A year before 16 November 2006, gold was around $478.30 per troy ounce. The close of $620.60 therefore represents a rise of 29.8% over twelve months.
This close was session 5 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 13.78% below the highest close on record up to that date, which was set on 2006-05-11.