Distance from the record
This close sat 15.16% 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 29 August 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 June 2006
Gold closed at $610.70 per troy ounce on 29 August 2006, down $4.600 (0.75%) from the previous close of $615.30.
Notable session: lowest close of the month.
This close sat 15.16% 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 $437.00, making this a +39.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $610.70 per troy ounce on 29 August 2006. That is $4.60 lower than the previous close of $615.30, a move of -0.75%.
The gold price fell on 29 August 2006, losing $4.60 (0.75%) against the previous session's close of $615.30.
At $610.70 per troy ounce, one gram of pure gold was worth about $19.63 on 29 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 August 2006 18k gold was worth about $14.73 per gram and 14k about $11.45 per gram, against $19.63 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.3 on 29 August 2006, meaning one ounce of gold was worth roughly 50.3 ounces of silver.
A week before 29 August 2006, gold was around $624.60 per troy ounce, so the close of $610.70 is a loss of 2.2% over the week.
A year before 29 August 2006, gold was around $437.00 per troy ounce. The close of $610.70 therefore represents a rise of 39.7% over twelve months.
It closed 15.16% below the highest close on record up to that date, which was set on 2006-05-11.