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 24 July 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 June 2006
Gold closed at $612.70 per troy ounce on 24 July 2006, down $6.900 (1.11%) from the previous close of $619.60.
Notable session: lowest close of the month.
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 was the strongest close of the week up to that point.
This close sat 14.88% 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 $424.70, making this a +44.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $612.70 per troy ounce on 24 July 2006. That is $6.90 lower than the previous close of $619.60, a move of -1.11%.
The gold price fell on 24 July 2006, losing $6.90 (1.11%) against the previous session's close of $619.60.
At $612.70 per troy ounce, one gram of pure gold was worth about $19.70 on 24 July 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 July 2006 18k gold was worth about $14.77 per gram and 14k about $11.49 per gram, against $19.70 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.4 on 24 July 2006, meaning one ounce of gold was worth roughly 56.4 ounces of silver.
A week before 24 July 2006, gold was around $650.60 per troy ounce, so the close of $612.70 is a loss of 5.8% over the week.
A year before 24 July 2006, gold was around $424.70 per troy ounce. The close of $612.70 therefore represents a rise of 44.3% 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 14.88% below the highest close on record up to that date, which was set on 2006-05-11.