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 8 May 2006, not the current price.See today's gold price (11 September 2026)
Gold closed at $677.80 per troy ounce on 8 May 2006, down $4.400 (0.64%) from the previous close of $682.20.
This was the strongest close of the week up to that point.
One of the ten highest gold closes of that year, ranking 10 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $426.10, making this a +59.07% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $677.80 per troy ounce on 8 May 2006. That is $4.40 lower than the previous close of $682.20, a move of -0.64%.
The gold price fell on 8 May 2006, losing $4.40 (0.64%) against the previous session's close of $682.20.
At $677.80 per troy ounce, one gram of pure gold was worth about $21.79 on 8 May 2006. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2006 18k gold was worth about $16.34 per gram and 14k about $12.71 per gram, against $21.79 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.6 on 8 May 2006, meaning one ounce of gold was worth roughly 49.6 ounces of silver.
A week before 8 May 2006, gold was around $642.50 per troy ounce, so the close of $677.80 is a gain of 5.5% over the week.
A month before 8 May 2006, gold was around $588.40 per troy ounce, so the close of $677.80 is a gain of 15.2% over the month.
A year before 8 May 2006, gold was around $426.10 per troy ounce. The close of $677.80 therefore represents a rise of 59.1% over twelve months.
It closed 0.64% below the highest close on record up to that date, which was set on 2006-05-05.