Distance from the record
This close sat 4.07% 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 May 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $690.50 per troy ounce on 17 May 2006, down $1.000 (0.14%) from the previous close of $691.50.
Gold barely moved, closing within 0.14% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 4.07% 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 6 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $419.40, making this a +64.64% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $690.50 per troy ounce on 17 May 2006. That is $1.00 lower than the previous close of $691.50, a move of -0.14%.
The gold price fell on 17 May 2006, losing $1.00 (0.14%) against the previous session's close of $691.50.
At $690.50 per troy ounce, one gram of pure gold was worth about $22.20 on 17 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 May 2006 18k gold was worth about $16.65 per gram and 14k about $12.95 per gram, against $22.20 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.5 on 17 May 2006, meaning one ounce of gold was worth roughly 52.5 ounces of silver.
A month before 17 May 2006, gold was around $615.40 per troy ounce, so the close of $690.50 is a gain of 12.2% over the month.
A year before 17 May 2006, gold was around $419.40 per troy ounce. The close of $690.50 therefore represents a rise of 64.6% over twelve months.
It closed 4.07% below the highest close on record up to that date, which was set on 2006-05-11.