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 17 July 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $650.60 per troy ounce on 17 July 2006, down $16.00 (2.40%) from the previous close of $666.60.
Gold lost 2.40% 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 was the strongest close of the week up to that point.
This close sat 9.61% 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 $420.70, making this a +54.65% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $650.60 per troy ounce on 17 July 2006. That is $16.00 lower than the previous close of $666.60, a move of -2.40%.
The gold price fell on 17 July 2006, losing $16.00 (2.40%) against the previous session's close of $666.60.
At $650.60 per troy ounce, one gram of pure gold was worth about $20.92 on 17 July 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 July 2006 18k gold was worth about $15.69 per gram and 14k about $12.20 per gram, against $20.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.1 on 17 July 2006, meaning one ounce of gold was worth roughly 59.1 ounces of silver.
A week before 17 July 2006, gold was around $624.10 per troy ounce, so the close of $650.60 is a gain of 4.2% over the week.
A month before 17 July 2006, gold was around $578.00 per troy ounce, so the close of $650.60 is a gain of 12.6% over the month.
A year before 17 July 2006, gold was around $420.70 per troy ounce. The close of $650.60 therefore represents a rise of 54.6% over twelve months.
It closed 9.61% below the highest close on record up to that date, which was set on 2006-05-11.