Distance from the record
This close sat 12.84% 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 7 June 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $627.40 per troy ounce on 7 June 2006, down $2.000 (0.32%) from the previous close of $629.40.
This close sat 12.84% 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 $424.80, making this a +47.69% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $627.40 per troy ounce on 7 June 2006. That is $2.00 lower than the previous close of $629.40, a move of -0.32%.
The gold price fell on 7 June 2006, losing $2.00 (0.32%) against the previous session's close of $629.40.
At $627.40 per troy ounce, one gram of pure gold was worth about $20.17 on 7 June 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 June 2006 18k gold was worth about $15.13 per gram and 14k about $11.77 per gram, against $20.17 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.9 on 7 June 2006, meaning one ounce of gold was worth roughly 52.9 ounces of silver.
A week before 7 June 2006, gold was around $642.50 per troy ounce, so the close of $627.40 is a loss of 2.4% over the week.
A month before 7 June 2006, gold was around $682.20 per troy ounce, so the close of $627.40 is a loss of 8.0% over the month.
A year before 7 June 2006, gold was around $424.80 per troy ounce. The close of $627.40 therefore represents a rise of 47.7% over twelve months.
It closed 12.84% below the highest close on record up to that date, which was set on 2006-05-11.