Gold Price in 2006
In 2006, the price of gold averaged $604 per troy ounce, up 36.0% from the year before. This page covers the 2006 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.
2006 Average
$604
LBMA annual average, USD/oz
Change vs 2005
+36.0%
from $444 in 2005
2006 High
$730
from daily trading data
2006 Low
$513
from daily trading data
Year-End Close
$637
last trading day of 2006
Gold Price Chart, 1996 to 2016
Gold Price by Month in 2006
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2006 | $550 | $573 | $513 |
| February 2006 | $555 | $575 | $535 |
| March 2006 | $558 | $590 | $534 |
| April 2006 | $612 | $656 | $582 |
| May 2006 | $673 | $730 | $636 |
| June 2006 | $596 | $646 | $542 |
| July 2006 | $634 | $677 | $602 |
| August 2006 | $631 | $656 | $607 |
| September 2006 | $599 | $640 | $571 |
| October 2006 | $587 | $611 | $560 |
| November 2006 | $628 | $649 | $606 |
| December 2006 | $628 | $650 | $612 |
What happened to the gold price in 2006
Gold averaged $604 per troy ounce in 2006, climbing 36.0% from the $444 average of 2005. Daily trading data shows gold moved between a low of $513 and a high of $730 during the year, ending 2006 at $637. The defining story of 2006: Gold ETFs drive demand.
The 2000s brought gold's modern bull market. The dot-com bust, the September 11 attacks, a weakening dollar, and finally the 2008 financial crisis rebuilt investment demand, carrying gold past $1,000 per ounce for the first time.
Adjusted for inflation, gold's 2006 average of $604 equals about $966 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of gold in 2006?
What is a 2006 gold price worth in today's dollars?
What moved the gold price in 2006?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.