Distance from the record
This close sat 16.84% 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 September 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $598.60 per troy ounce on 29 September 2006, down $6.400 (1.06%) from the previous close of $605.00.
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 close sat 16.84% 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 $472.20, making this a +26.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $598.60 per troy ounce on 29 September 2006. That is $6.40 lower than the previous close of $605.00, a move of -1.06%.
The gold price fell on 29 September 2006, losing $6.40 (1.06%) against the previous session's close of $605.00.
At $598.60 per troy ounce, one gram of pure gold was worth about $19.25 on 29 September 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 September 2006 18k gold was worth about $14.43 per gram and 14k about $11.23 per gram, against $19.25 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.3 on 29 September 2006, meaning one ounce of gold was worth roughly 52.3 ounces of silver.
A year before 29 September 2006, gold was around $472.20 per troy ounce. The close of $598.60 therefore represents a rise of 26.8% over twelve months.
It closed 16.84% below the highest close on record up to that date, which was set on 2006-05-11.