Distance from the record
This close sat 14.28% 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 September 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $617.00 per troy ounce on 7 September 2006, down $16.50 (2.60%) from the previous close of $633.50.
Gold lost 2.60% 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 14.28% 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 $444.90, making this a +38.68% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $617.00 per troy ounce on 7 September 2006. That is $16.50 lower than the previous close of $633.50, a move of -2.60%.
The gold price fell on 7 September 2006, losing $16.50 (2.60%) against the previous session's close of $633.50.
At $617.00 per troy ounce, one gram of pure gold was worth about $19.84 on 7 September 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 September 2006 18k gold was worth about $14.88 per gram and 14k about $11.57 per gram, against $19.84 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.1 on 7 September 2006, meaning one ounce of gold was worth roughly 49.1 ounces of silver.
A year before 7 September 2006, gold was around $444.90 per troy ounce. The close of $617.00 therefore represents a rise of 38.7% over twelve months.
It closed 14.28% below the highest close on record up to that date, which was set on 2006-05-11.