Gold Price in October 2006
In October 2006, gold rose 0.9%, from $598.60 at the end of September to $604.10 per troy ounce on October 31, 2006. The highest close was $604.70 on October 30, 2006, the lowest $562.00 on October 3, 2006, and the average over 26 trading days was $586.17. Today's price is 541.7% higher than the October 2006 close.
Gold ended October higher. What usually happens in November after a higher October →
- Gold rose 0.9% in US dollars in October 2006, leaving it up 16.8% for the year to date.
- Measured in other currencies, the change ranged from −3.4% in ZAR to +1.4% in CAD, because exchange rates moved too.
- It did worse than silver (+6.7%) and US stocks (+3.3%).
- It closed higher on 13 trading days and lower on 9, with an average daily move of 0.94%.
- At the end of the month it was 16.1% below its highest close since 2000.
- Gold/silver ratio: 52.3 → 49.5.
Gold price chart, October 2006
US dollars per troy ounce · daily closeGold in other currencies, October 2006
| Currency | Change in the month |
|---|---|
| CAD | +1.4% |
| PKR | +0.9% |
| EGP | +0.6% |
| CNY | +0.6% |
| CHF | +0.2% |
| EUR | +0.1% |
| JPY | −0.1% |
| INR | −1.0% |
| GBP | −1.0% |
| AUD | −2.8% |
| TRY | −3.0% |
| ZAR | −3.4% |
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, October 2006
| Asset | Change (USD) |
|---|---|
| Gold | +0.9% |
| Silver | +6.7% |
| S&P 500 (with dividends) | +3.3% |
| US inflation (CPI, month) | −0.54% |
| Gold, year to date (end of October) | +16.8% |
| Gold/silver ratio | 52.3 → 49.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, October 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 |
|---|---|---|---|---|---|
| Oct 1Sun | $597.70 | −0.15% | $19.22 | ₹8,785 | AED 70.56 |
| Oct 2Mon | $576.30 | −3.58% | $18.53 | ₹8,470 | AED 68.04 |
| Oct 3Tue | $562.00 | −2.48% | $18.07 | ₹8,245 | AED 66.35 |
| Oct 4Wed | $571.00 | +1.60% | $18.36 | ₹8,370 | AED 67.41 |
| Oct 5Thu | $572.40 | +0.25% | $18.40 | ₹8,371 | AED 67.58 |
| Oct 6Fri | $572.40 | 0.00% | $18.40 | ₹8,371 | AED 67.58 |
| Oct 8Sun | $578.40 | +1.05% | $18.60 | ₹8,485 | AED 68.28 |
| Oct 9Mon | $571.90 | −1.12% | $18.39 | ₹8,397 | AED 67.49 |
| Oct 10Tue | $572.30 | +0.07% | $18.40 | ₹8,382 | AED 67.53 |
| Oct 11Wed | $576.30 | +0.70% | $18.53 | ₹8,433 | AED 68.02 |
| Oct 12Thu | $588.80 | +2.17% | $18.93 | ₹8,565 | AED 69.49 |
| Oct 13Fri | $588.80 | 0.00% | $18.93 | ₹8,565 | AED 69.49 |
| Oct 15Sun | $594.70 | +1.00% | $19.12 | ₹8,672 | AED 70.21 |
| Oct 16Mon | $589.70 | −0.84% | $18.96 | ₹8,557 | AED 69.62 |
| Oct 17Tue | $588.90 | −0.14% | $18.93 | ₹8,560 | AED 69.52 |
| Oct 18Wed | $599.00 | +1.72% | $19.26 | ₹8,706 | AED 70.72 |
| Oct 19Thu | $593.00 | −1.00% | $19.07 | ₹8,624 | AED 70.01 |
| Oct 20Fri | $593.00 | 0.00% | $19.07 | ₹8,624 | AED 70.01 |
| Oct 22Sun | $579.70 | −2.24% | $18.64 | ₹8,448 | AED 68.44 |
| Oct 23Mon | $584.40 | +0.81% | $18.79 | ₹8,484 | AED 68.99 |
| Oct 24Tue | $587.60 | +0.55% | $18.89 | ₹8,556 | AED 69.37 |
| Oct 25Wed | $596.80 | +1.57% | $19.19 | ₹8,667 | AED 70.46 |
| Oct 26Thu | $598.20 | +0.23% | $19.23 | ₹8,656 | AED 70.62 |
| Oct 27Fri | $598.20 | 0.00% | $19.23 | ₹8,656 | AED 70.62 |
| Oct 30Mon | $604.70 | +1.09% | $19.44 | ₹8,715 | AED 71.39 |
| Oct 31Tue | $604.10 | −0.10% | $19.42 | ₹8,708 | AED 71.32 |
How October usually goes for gold
In the 20 years from 2006 to 2025, gold rose in October 13 times out of 20, with an average move of +0.5% and a median of +2.1%. Every October since 1971 →
Gold in October 2006: FAQ
What was the price of gold in October 2006?
Gold traded between $562.00 and $604.70 per troy ounce (daily closes) in October 2006, averaging $586.17. It closed the month at $604.10.
How much did gold go up in October 2006?
Gold rose 0.9%, from $598.60 to $604.10. The biggest daily rise was +2.2% on October 12, 2006 and the biggest fall −3.6% on October 2, 2006.
What was the gold price on October 1, 2006?
Gold closed at $597.70 per troy ounce on October 1, 2006, the first trading day of the month. 24K India, ₹ per 10 g: ₹8,785.
Is October usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in October 13 times out of 20, with an average move of +0.5% and a median of +2.1%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in October 2006?
Gold fell 1.0% in Indian rupee terms in October 2006, compared with +0.9% in US dollars.
Did gold beat stocks in October 2006?
No. Gold was +0.9% for the month, against +3.3% for the S&P 500 with dividends.
Did gold keep up with inflation in October 2006?
US consumer prices (CPI) changed −0.54% in October, so gold's real (inflation-adjusted) change was about +1.5%.
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{corgano2026goldpriceinoctober, author = {{Corgano}}, title = {Gold Price in October 2006}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2006/october}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}