Distance from the record
This close sat 12.71% 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 18 July 2006, not the current price.See today's gold price (11 September 2026)
Gold falls 3.4% in a single session
Gold closed at $628.30 per troy ounce on 18 July 2006, down $22.30 (3.43%) from the previous close of $650.60.
Notable session: moved more than 3% in a session.
Gold lost 3.43% 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 12.71% 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 $420.50, making this a +49.42% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $628.30 per troy ounce on 18 July 2006. That is $22.30 lower than the previous close of $650.60, a move of -3.43%.
The gold price fell on 18 July 2006, losing $22.30 (3.43%) against the previous session's close of $650.60.
At $628.30 per troy ounce, one gram of pure gold was worth about $20.20 on 18 July 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 July 2006 18k gold was worth about $15.15 per gram and 14k about $11.78 per gram, against $20.20 for pure 24k. These are melt values before any dealer margin.
A week before 18 July 2006, gold was around $641.20 per troy ounce, so the close of $628.30 is a loss of 2.0% over the week.
A month before 18 July 2006, gold was around $578.00 per troy ounce, so the close of $628.30 is a gain of 8.7% over the month.
A year before 18 July 2006, gold was around $420.50 per troy ounce. The close of $628.30 therefore represents a rise of 49.4% over twelve months.
It closed 12.71% below the highest close on record up to that date, which was set on 2006-05-11.