Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 23 May 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $673.00 per troy ounce on 23 May 2006, up $16.00 (2.44%) from the previous close of $657.00.
This was a 2.44% 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.
This was the strongest close of the week up to that point.
This close sat 6.50% 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 $416.60, making this a +61.55% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $673.00 per troy ounce on 23 May 2006. That is $16.00 higher than the previous close of $657.00, a move of 2.44%.
The gold price rose on 23 May 2006, gaining $16.00 (2.44%) against the previous session's close of $657.00.
At $673.00 per troy ounce, one gram of pure gold was worth about $21.64 on 23 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 May 2006 18k gold was worth about $16.23 per gram and 14k about $12.62 per gram, against $21.64 for pure 24k. These are melt values before any dealer margin.
A week before 23 May 2006, gold was around $691.50 per troy ounce, so the close of $673.00 is a loss of 2.7% over the week.
A month before 23 May 2006, gold was around $632.20 per troy ounce, so the close of $673.00 is a gain of 6.5% over the month.
A year before 23 May 2006, gold was around $416.60 per troy ounce. The close of $673.00 therefore represents a rise of 61.5% over twelve months.
It closed 6.50% below the highest close on record up to that date, which was set on 2006-05-11.