Distance from the record
This close sat 21.92% 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 4 October 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 24 March 2006
Gold closed at $562.00 per troy ounce on 4 October 2006, down $14.30 (2.48%) from the previous close of $576.30.
Notable session: lowest close of the month.
Gold lost 2.48% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 21.92% 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 $466.10, making this a +20.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $562.00 per troy ounce on 4 October 2006. That is $14.30 lower than the previous close of $576.30, a move of -2.48%.
The gold price fell on 4 October 2006, losing $14.30 (2.48%) against the previous session's close of $576.30.
At $562.00 per troy ounce, one gram of pure gold was worth about $18.07 on 4 October 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 October 2006 18k gold was worth about $13.55 per gram and 14k about $10.54 per gram, against $18.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.5 on 4 October 2006, meaning one ounce of gold was worth roughly 52.5 ounces of silver.
A week before 4 October 2006, gold was around $597.30 per troy ounce, so the close of $562.00 is a loss of 5.9% over the week.
A month before 4 October 2006, gold was around $624.40 per troy ounce, so the close of $562.00 is a loss of 10.0% over the month.
A year before 4 October 2006, gold was around $466.10 per troy ounce. The close of $562.00 therefore represents a rise of 20.6% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 21.92% below the highest close on record up to that date, which was set on 2006-05-11.