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 7 August 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $647.80 per troy ounce on 7 August 2006, up $3.800 (0.59%) from the previous close of $644.00.
This was the strongest close of the week up to that point.
This close sat 10.00% 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 $437.20, making this a +48.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $647.80 per troy ounce on 7 August 2006. That is $3.80 higher than the previous close of $644.00, a move of 0.59%.
The gold price rose on 7 August 2006, gaining $3.80 (0.59%) against the previous session's close of $644.00.
At $647.80 per troy ounce, one gram of pure gold was worth about $20.83 on 7 August 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 August 2006 18k gold was worth about $15.62 per gram and 14k about $12.15 per gram, against $20.83 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.0 on 7 August 2006, meaning one ounce of gold was worth roughly 53.0 ounces of silver.
A week before 7 August 2006, gold was around $634.20 per troy ounce, so the close of $647.80 is a gain of 2.1% over the week.
A year before 7 August 2006, gold was around $437.20 per troy ounce. The close of $647.80 therefore represents a rise of 48.2% over twelve months.
It closed 10.00% below the highest close on record up to that date, which was set on 2006-05-11.