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 31 August 2006, not the current price.See today's gold price (11 September 2026)
Highest closing price since 16 August 2006
Gold closed at $625.90 per troy ounce on 31 August 2006, up $8.200 (1.33%) from the previous close of $617.70.
This was the strongest close of the week up to that point.
This close sat 13.05% 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 $433.80, making this a +44.28% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $625.90 per troy ounce on 31 August 2006. That is $8.20 higher than the previous close of $617.70, a move of 1.33%.
The gold price rose on 31 August 2006, gaining $8.20 (1.33%) against the previous session's close of $617.70.
At $625.90 per troy ounce, one gram of pure gold was worth about $20.12 on 31 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 August 2006 18k gold was worth about $15.09 per gram and 14k about $11.74 per gram, against $20.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 48.5 on 31 August 2006, meaning one ounce of gold was worth roughly 48.5 ounces of silver.
A year before 31 August 2006, gold was around $433.80 per troy ounce. The close of $625.90 therefore represents a rise of 44.3% over twelve months.
It closed 13.05% below the highest close on record up to that date, which was set on 2006-05-11.