Distance from the record
This close sat 14.50% 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 17 August 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 24 July 2006
Gold closed at $615.40 per troy ounce on 17 August 2006, down $13.30 (2.12%) from the previous close of $628.70.
Gold lost 2.12% 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 close sat 14.50% 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 $439.90, making this a +39.90% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $615.40 per troy ounce on 17 August 2006. That is $13.30 lower than the previous close of $628.70, a move of -2.12%.
The gold price fell on 17 August 2006, losing $13.30 (2.12%) against the previous session's close of $628.70.
At $615.40 per troy ounce, one gram of pure gold was worth about $19.79 on 17 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 August 2006 18k gold was worth about $14.84 per gram and 14k about $11.54 per gram, against $19.79 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.4 on 17 August 2006, meaning one ounce of gold was worth roughly 51.4 ounces of silver.
A week before 17 August 2006, gold was around $634.90 per troy ounce, so the close of $615.40 is a loss of 3.1% over the week.
A month before 17 August 2006, gold was around $650.60 per troy ounce, so the close of $615.40 is a loss of 5.4% over the month.
A year before 17 August 2006, gold was around $439.90 per troy ounce. The close of $615.40 therefore represents a rise of 39.9% over twelve months.
It closed 14.50% below the highest close on record up to that date, which was set on 2006-05-11.