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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

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?
Gold averaged $604 per troy ounce in 2006, based on LBMA annual average data. Daily prices ranged from a low of $513 to a high of $730, and the year closed at $637. That average was up 36.0% from $444 in 2005.
What is a 2006 gold price worth in today's dollars?
Adjusted with the US Consumer Price Index, gold's 2006 average of $604 works out to roughly $966 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
What moved the gold price in 2006?
The defining story of 2006: Gold ETFs drive demand. Against that backdrop, the annual average climbed 36.0%, from $444 in 2005 to $604.

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.