Distance from the record
This close sat 13.11% 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 2 November 2006, not the current price.See today's gold price (11 September 2026)
Gold falls 3.3% in a single session
Gold closed at $625.40 per troy ounce on 2 November 2006, down $21.50 (3.32%) from the previous close of $646.90.
Notable session: moved more than 3% in a session.
Gold lost 3.32% 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 13.11% 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 $462.80, making this a +35.13% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $625.40 per troy ounce on 2 November 2006. That is $21.50 lower than the previous close of $646.90, a move of -3.32%.
The gold price fell on 2 November 2006, losing $21.50 (3.32%) against the previous session's close of $646.90.
At $625.40 per troy ounce, one gram of pure gold was worth about $20.11 on 2 November 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 November 2006 18k gold was worth about $15.08 per gram and 14k about $11.73 per gram, against $20.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.6 on 2 November 2006, meaning one ounce of gold was worth roughly 49.6 ounces of silver.
A week before 2 November 2006, gold was around $596.80 per troy ounce, so the close of $625.40 is a gain of 4.8% over the week.
A year before 2 November 2006, gold was around $462.80 per troy ounce. The close of $625.40 therefore represents a rise of 35.1% over twelve months.
It closed 13.11% below the highest close on record up to that date, which was set on 2006-05-11.