Distance from the record
This close sat 6.75% below the highest gold close recorded up to that date, set on 2006-03-01.
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This page is a historical record of the gold price in 8 March 2006, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 February 2006
Gold closed at $542.50 per troy ounce on 8 March 2006, down $10.20 (1.85%) from the previous close of $552.70.
This close extended a run of 5 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 6.75% below the highest gold close recorded up to that date, set on 2006-03-01.
One of the ten lowest gold closes of that year, ranking 243 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $440.30, making this a +23.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $542.50 per troy ounce on 8 March 2006. That is $10.20 lower than the previous close of $552.70, a move of -1.85%.
The gold price fell on 8 March 2006, losing $10.20 (1.85%) against the previous session's close of $552.70.
At $542.50 per troy ounce, one gram of pure gold was worth about $17.44 on 8 March 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 March 2006 18k gold was worth about $13.08 per gram and 14k about $10.17 per gram, against $17.44 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.5 on 8 March 2006, meaning one ounce of gold was worth roughly 55.5 ounces of silver.
A week before 8 March 2006, gold was around $581.80 per troy ounce, so the close of $542.50 is a loss of 6.8% over the week.
A year before 8 March 2006, gold was around $440.30 per troy ounce. The close of $542.50 therefore represents a rise of 23.2% over twelve months.
This close was session 5 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 6.75% below the highest close on record up to that date, which was set on 2006-03-01.