Distance from the record
This close sat 10.77% 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 5 December 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $642.30 per troy ounce on 5 December 2006, down $2.900 (0.45%) from the previous close of $645.20.
This close sat 10.77% 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 $508.90, making this a +26.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $642.30 per troy ounce on 5 December 2006. That is $2.90 lower than the previous close of $645.20, a move of -0.45%.
The gold price fell on 5 December 2006, losing $2.90 (0.45%) against the previous session's close of $645.20.
At $642.30 per troy ounce, one gram of pure gold was worth about $20.65 on 5 December 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 December 2006 18k gold was worth about $15.49 per gram and 14k about $12.05 per gram, against $20.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 46.4 on 5 December 2006, meaning one ounce of gold was worth roughly 46.4 ounces of silver.
A year before 5 December 2006, gold was around $508.90 per troy ounce. The close of $642.30 therefore represents a rise of 26.2% over twelve months.
It closed 10.77% below the highest close on record up to that date, which was set on 2006-05-11.