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 October 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 12 October 2006
Gold closed at $579.70 per troy ounce on 23 October 2006, down $13.30 (2.24%) from the previous close of $593.00.
Gold lost 2.24% 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 was the strongest close of the week up to that point.
This close sat 19.46% 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 $467.00, making this a +24.13% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $579.70 per troy ounce on 23 October 2006. That is $13.30 lower than the previous close of $593.00, a move of -2.24%.
The gold price fell on 23 October 2006, losing $13.30 (2.24%) against the previous session's close of $593.00.
At $579.70 per troy ounce, one gram of pure gold was worth about $18.64 on 23 October 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 October 2006 18k gold was worth about $13.98 per gram and 14k about $10.87 per gram, against $18.64 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.0 on 23 October 2006, meaning one ounce of gold was worth roughly 50.0 ounces of silver.
A week before 23 October 2006, gold was around $594.70 per troy ounce, so the close of $579.70 is a loss of 2.5% over the week.
A year before 23 October 2006, gold was around $467.00 per troy ounce. The close of $579.70 therefore represents a rise of 24.1% over twelve months.
It closed 19.46% below the highest close on record up to that date, which was set on 2006-05-11.