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 29 June 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $586.50 per troy ounce on 29 June 2006, up $8.200 (1.42%) from the previous close of $578.30.
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 18.52% 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 $436.40, making this a +34.40% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $586.50 per troy ounce on 29 June 2006. That is $8.20 higher than the previous close of $578.30, a move of 1.42%.
The gold price rose on 29 June 2006, gaining $8.20 (1.42%) against the previous session's close of $578.30.
At $586.50 per troy ounce, one gram of pure gold was worth about $18.86 on 29 June 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 June 2006 18k gold was worth about $14.14 per gram and 14k about $11.00 per gram, against $18.86 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.8 on 29 June 2006, meaning one ounce of gold was worth roughly 56.8 ounces of silver.
A month before 29 June 2006, gold was around $650.90 per troy ounce, so the close of $586.50 is a loss of 9.9% over the month.
A year before 29 June 2006, gold was around $436.40 per troy ounce. The close of $586.50 therefore represents a rise of 34.4% over twelve months.
It closed 18.52% below the highest close on record up to that date, which was set on 2006-05-11.