Distance from the record
This close sat 1.14% below the highest gold close recorded up to that date, set on 2006-04-06.
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This page is a historical record of the gold price in 7 April 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $588.40 per troy ounce on 7 April 2006, down $6.800 (1.14%) from the previous close of $595.20.
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 1.14% below the highest gold close recorded up to that date, set on 2006-04-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $426.50, making this a +37.96% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $588.40 per troy ounce on 7 April 2006. That is $6.80 lower than the previous close of $595.20, a move of -1.14%.
The gold price fell on 7 April 2006, losing $6.80 (1.14%) against the previous session's close of $595.20.
At $588.40 per troy ounce, one gram of pure gold was worth about $18.92 on 7 April 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 April 2006 18k gold was worth about $14.19 per gram and 14k about $11.04 per gram, against $18.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 48.9 on 7 April 2006, meaning one ounce of gold was worth roughly 48.9 ounces of silver.
A month before 7 April 2006, gold was around $552.70 per troy ounce, so the close of $588.40 is a gain of 6.5% over the month.
A year before 7 April 2006, gold was around $426.50 per troy ounce. The close of $588.40 therefore represents a rise of 38.0% over twelve months.
It closed 1.14% below the highest close on record up to that date, which was set on 2006-04-06.