Distance from the record
This close sat 8.77% 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 19 May 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 May 2006
Gold closed at $656.70 per troy ounce on 19 May 2006, down $22.90 (3.37%) from the previous close of $679.60.
Notable session: moved more than 3% in a session.
Gold lost 3.37% 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 8.77% 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 +56.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $656.70 per troy ounce on 19 May 2006. That is $22.90 lower than the previous close of $679.60, a move of -3.37%.
The gold price fell on 19 May 2006, losing $22.90 (3.37%) against the previous session's close of $679.60.
At $656.70 per troy ounce, one gram of pure gold was worth about $21.11 on 19 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 19 May 2006 18k gold was worth about $15.84 per gram and 14k about $12.32 per gram, against $21.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.5 on 19 May 2006, meaning one ounce of gold was worth roughly 53.5 ounces of silver.
A week before 19 May 2006, gold was around $710.30 per troy ounce, so the close of $656.70 is a loss of 7.5% over the week.
A year before 19 May 2006, gold was around $420.50 per troy ounce. The close of $656.70 therefore represents a rise of 56.2% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 8.77% below the highest close on record up to that date, which was set on 2006-05-11.