Distance from the record
This close sat 5.58% 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 May 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 8 May 2006
Gold closed at $679.60 per troy ounce on 18 May 2006, down $10.90 (1.58%) from the previous close of $690.50.
This close sat 5.58% 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 9 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $421.50, making this a +61.23% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $679.60 per troy ounce on 18 May 2006. That is $10.90 lower than the previous close of $690.50, a move of -1.58%.
The gold price fell on 18 May 2006, losing $10.90 (1.58%) against the previous session's close of $690.50.
At $679.60 per troy ounce, one gram of pure gold was worth about $21.85 on 18 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 May 2006 18k gold was worth about $16.39 per gram and 14k about $12.75 per gram, against $21.85 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.6 on 18 May 2006, meaning one ounce of gold was worth roughly 54.6 ounces of silver.
A week before 18 May 2006, gold was around $719.80 per troy ounce, so the close of $679.60 is a loss of 5.6% over the week.
A month before 18 May 2006, gold was around $620.00 per troy ounce, so the close of $679.60 is a gain of 9.6% over the month.
A year before 18 May 2006, gold was around $421.50 per troy ounce. The close of $679.60 therefore represents a rise of 61.2% over twelve months.
It closed 5.58% below the highest close on record up to that date, which was set on 2006-05-11.