Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 2 August 2006, not the current price.See today's gold price (11 September 2026)
Highest closing price since 14 July 2006
Gold closed at $651.60 per troy ounce on 2 August 2006, up $25.70 (4.11%) from the previous close of $625.90.
Notable session: highest close of the month; moved more than 3% in a session.
This was a 4.11% move in one session — well beyond a typical day for gold. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
No earlier session that month closed above this level.
This close sat 9.47% 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 $431.90, making this a +50.87% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $651.60 per troy ounce on 2 August 2006. That is $25.70 higher than the previous close of $625.90, a move of 4.11%.
The gold price rose on 2 August 2006, gaining $25.70 (4.11%) against the previous session's close of $625.90.
At $651.60 per troy ounce, one gram of pure gold was worth about $20.95 on 2 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 August 2006 18k gold was worth about $15.71 per gram and 14k about $12.22 per gram, against $20.95 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.4 on 2 August 2006, meaning one ounce of gold was worth roughly 53.4 ounces of silver.
A week before 2 August 2006, gold was around $621.60 per troy ounce, so the close of $651.60 is a gain of 4.8% over the week.
A month before 2 August 2006, gold was around $613.50 per troy ounce, so the close of $651.60 is a gain of 6.2% over the month.
A year before 2 August 2006, gold was around $431.90 per troy ounce. The close of $651.60 therefore represents a rise of 50.9% over twelve months.
It closed 9.47% below the highest close on record up to that date, which was set on 2006-05-11.