Distance from the record
This close sat 13.35% 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 23 August 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $623.70 per troy ounce on 23 August 2006, down $0.900 (0.14%) from the previous close of $624.60.
Gold barely moved, closing within 0.14% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 13.35% 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 $439.40, making this a +41.94% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $623.70 per troy ounce on 23 August 2006. That is $0.90 lower than the previous close of $624.60, a move of -0.14%.
The gold price fell on 23 August 2006, losing $0.90 (0.14%) against the previous session's close of $624.60.
At $623.70 per troy ounce, one gram of pure gold was worth about $20.05 on 23 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 August 2006 18k gold was worth about $15.04 per gram and 14k about $11.70 per gram, against $20.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.9 on 23 August 2006, meaning one ounce of gold was worth roughly 49.9 ounces of silver.
A year before 23 August 2006, gold was around $439.40 per troy ounce. The close of $623.70 therefore represents a rise of 41.9% over twelve months.
It closed 13.35% below the highest close on record up to that date, which was set on 2006-05-11.