Gold Price in December 2006
In December 2006, gold fell 1.8%, from $646.90 at the end of November to $635.20 per troy ounce on December 29, 2006. The highest close was $645.20 on December 4, 2006, the lowest $614.00 on December 18, 2006, and the average over 20 trading days was $628.05. Today's price is 510.3% higher than the December 2006 close.
Gold ended December lower. What usually happens in January after a lower December →
- Gold fell 1.8% in US dollars in December 2006, leaving it up 22.8% for the year to date.
- Measured in other currencies, the change ranged from −4.3% in TRY to +1.0% in JPY, because exchange rates moved too.
- It did better than silver (−7.9%), and worse than US stocks (+1.4%).
- It closed higher on 10 trading days and lower on 10, with an average daily move of 0.59%.
- At the end of the month it was 11.8% below its highest close since 2000.
- Gold/silver ratio: 46.5 → 49.6.
Gold price chart, December 2006
US dollars per troy ounce · daily closeGold in other currencies, December 2006
| Currency | Change in the month |
|---|---|
| JPY | +1.0% |
| CAD | +0.2% |
| CHF | 0.0% |
| EUR | −1.4% |
| GBP | −1.4% |
| AUD | −1.8% |
| PKR | −2.0% |
| EGP | −2.1% |
| CNY | −2.1% |
| INR | −2.9% |
| ZAR | −3.5% |
| TRY | −4.3% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, December 2006
| Asset | Change (USD) |
|---|---|
| Gold | −1.8% |
| Silver | −7.9% |
| S&P 500 (with dividends) | +1.4% |
| US inflation (CPI, month) | +0.15% |
| Gold, year to date (end of December) | +22.8% |
| Gold/silver ratio | 46.5 → 49.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, December 2006
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Dec 1Fri | $644.70 | −0.34% | $20.73 | ₹9,210 | AED 76.11 |
| Dec 4Mon | $645.20 | +0.08% | $20.74 | ₹9,239 | AED 76.17 |
| Dec 5Tue | $642.30 | −0.45% | $20.65 | ₹9,188 | AED 75.82 |
| Dec 6Wed | $630.50 | −1.84% | $20.27 | ₹9,044 | AED 74.43 |
| Dec 7Thu | $631.90 | +0.22% | $20.32 | ₹9,056 | AED 74.59 |
| Dec 8Fri | $626.10 | −0.92% | $20.13 | ₹8,951 | AED 73.88 |
| Dec 11Mon | $630.00 | +0.62% | $20.25 | ₹9,053 | AED 74.35 |
| Dec 12Tue | $627.00 | −0.48% | $20.16 | ₹9,026 | AED 73.99 |
| Dec 13Wed | $627.90 | +0.14% | $20.19 | ₹9,031 | AED 74.12 |
| Dec 14Thu | $626.60 | −0.21% | $20.15 | ₹8,999 | AED 73.97 |
| Dec 15Fri | $615.00 | −1.85% | $19.77 | ₹8,794 | AED 72.60 |
| Dec 18Mon | $614.00 | −0.16% | $19.74 | ₹8,827 | AED 72.48 |
| Dec 19Tue | $621.60 | +1.24% | $19.98 | ₹8,931 | AED 73.38 |
| Dec 20Wed | $620.60 | −0.16% | $19.95 | ₹8,913 | AED 73.26 |
| Dec 21Thu | $618.20 | −0.39% | $19.88 | ₹8,851 | AED 72.98 |
| Dec 22Fri | $619.10 | +0.15% | $19.90 | ₹8,819 | AED 73.09 |
| Dec 26Tue | $623.70 | +0.74% | $20.05 | ₹8,884 | AED 73.65 |
| Dec 27Wed | $627.20 | +0.56% | $20.16 | ₹8,925 | AED 74.04 |
| Dec 28Thu | $634.10 | +1.10% | $20.39 | ₹9,027 | AED 74.86 |
| Dec 29Fri | $635.20 | +0.17% | $20.42 | ₹8,994 | AED 74.99 |
How December usually goes for gold
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Every December since 1971 →
Gold in December 2006: FAQ
What was the price of gold in December 2006?
Gold traded between $614.00 and $645.20 per troy ounce (daily closes) in December 2006, averaging $628.05. It closed the month at $635.20.
How much did gold go down in December 2006?
Gold fell 1.8%, from $646.90 to $635.20. The biggest daily rise was +1.2% on December 19, 2006 and the biggest fall −1.9% on December 15, 2006.
What was the gold price on December 1, 2006?
Gold closed at $644.70 per troy ounce on December 1, 2006, the first trading day of the month. 24K India, ₹ per 10 g: ₹9,210.
Is December usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in December 2006?
Gold fell 2.9% in Indian rupee terms in December 2006, compared with −1.8% in US dollars.
Did gold beat stocks in December 2006?
No. Gold was −1.8% for the month, against +1.4% for the S&P 500 with dividends.
Did gold keep up with inflation in December 2006?
US consumer prices (CPI) changed +0.15% in December, so gold's real (inflation-adjusted) change was about −2.0%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpriceindecember, author = {{Corgano}}, title = {Gold Price in December 2006}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2006/december}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}