Distance from the record
This close sat 5.45% below the highest gold close recorded up to that date, set on 2006-03-01.
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This page is a historical record of the gold price in 23 March 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 13 March 2006
Gold closed at $550.10 per troy ounce on 23 March 2006, down $0.800 (0.15%) from the previous close of $550.90.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 5.45% below the highest gold close recorded up to that date, set on 2006-03-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $425.20, making this a +29.37% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $550.10 per troy ounce on 23 March 2006. That is $0.80 lower than the previous close of $550.90, a move of -0.15%.
The gold price fell on 23 March 2006, losing $0.80 (0.15%) against the previous session's close of $550.90.
At $550.10 per troy ounce, one gram of pure gold was worth about $17.69 on 23 March 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 March 2006 18k gold was worth about $13.26 per gram and 14k about $10.32 per gram, against $17.69 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.7 on 23 March 2006, meaning one ounce of gold was worth roughly 51.7 ounces of silver.
A year before 23 March 2006, gold was around $425.20 per troy ounce. The close of $550.10 therefore represents a rise of 29.4% 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 5.45% below the highest close on record up to that date, which was set on 2006-03-01.