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 July 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $634.20 per troy ounce on 31 July 2006, down $0.600 (0.09%) from the previous close of $634.80.
Gold barely moved, closing within 0.09% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This was the strongest close of the week up to that point.
This close sat 11.89% 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 $429.90, making this a +47.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $634.20 per troy ounce on 31 July 2006. That is $0.60 lower than the previous close of $634.80, a move of -0.09%.
The gold price fell on 31 July 2006, losing $0.60 (0.09%) against the previous session's close of $634.80.
At $634.20 per troy ounce, one gram of pure gold was worth about $20.39 on 31 July 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 July 2006 18k gold was worth about $15.29 per gram and 14k about $11.89 per gram, against $20.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.0 on 31 July 2006, meaning one ounce of gold was worth roughly 56.0 ounces of silver.
A week before 31 July 2006, gold was around $612.70 per troy ounce, so the close of $634.20 is a gain of 3.5% over the week.
A year before 31 July 2006, gold was around $429.90 per troy ounce. The close of $634.20 therefore represents a rise of 47.5% over twelve months.
It closed 11.89% below the highest close on record up to that date, which was set on 2006-05-11.