Distance from the record
This close sat 14.96% below the highest gold close recorded up to that date, set on 2006-05-11.
Loading…
This page is a historical record of the gold price in 18 August 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 June 2006
Gold closed at $612.10 per troy ounce on 18 August 2006, down $3.300 (0.54%) from the previous close of $615.40.
This close sat 14.96% 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 $439.50, making this a +39.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $612.10 per troy ounce on 18 August 2006. That is $3.30 lower than the previous close of $615.40, a move of -0.54%.
The gold price fell on 18 August 2006, losing $3.30 (0.54%) against the previous session's close of $615.40.
At $612.10 per troy ounce, one gram of pure gold was worth about $19.68 on 18 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 August 2006 18k gold was worth about $14.76 per gram and 14k about $11.48 per gram, against $19.68 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.0 on 18 August 2006, meaning one ounce of gold was worth roughly 51.0 ounces of silver.
A week before 18 August 2006, gold was around $633.50 per troy ounce, so the close of $612.10 is a loss of 3.4% over the week.
A year before 18 August 2006, gold was around $439.50 per troy ounce. The close of $612.10 therefore represents a rise of 39.3% over twelve months.
It closed 14.96% below the highest close on record up to that date, which was set on 2006-05-11.