Distance from the record
This close sat 13.93% 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 24 August 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $619.50 per troy ounce on 24 August 2006, down $4.200 (0.67%) from the previous close of $623.70.
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 13.93% 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 $437.30, making this a +41.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $619.50 per troy ounce on 24 August 2006. That is $4.20 lower than the previous close of $623.70, a move of -0.67%.
The gold price fell on 24 August 2006, losing $4.20 (0.67%) against the previous session's close of $623.70.
At $619.50 per troy ounce, one gram of pure gold was worth about $19.92 on 24 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 August 2006 18k gold was worth about $14.94 per gram and 14k about $11.62 per gram, against $19.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.4 on 24 August 2006, meaning one ounce of gold was worth roughly 50.4 ounces of silver.
A year before 24 August 2006, gold was around $437.30 per troy ounce. The close of $619.50 therefore represents a rise of 41.7% 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 13.93% below the highest close on record up to that date, which was set on 2006-05-11.