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 28 August 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 18 August 2006
Gold closed at $615.30 per troy ounce on 28 August 2006, down $6.700 (1.08%) from the previous close of $622.00.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 14.52% 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 $437.40, making this a +40.67% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $615.30 per troy ounce on 28 August 2006. That is $6.70 lower than the previous close of $622.00, a move of -1.08%.
The gold price fell on 28 August 2006, losing $6.70 (1.08%) against the previous session's close of $622.00.
At $615.30 per troy ounce, one gram of pure gold was worth about $19.78 on 28 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 August 2006 18k gold was worth about $14.84 per gram and 14k about $11.54 per gram, against $19.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.2 on 28 August 2006, meaning one ounce of gold was worth roughly 51.2 ounces of silver.
A year before 28 August 2006, gold was around $437.40 per troy ounce. The close of $615.30 therefore represents a rise of 40.7% over twelve months.
It closed 14.52% below the highest close on record up to that date, which was set on 2006-05-11.