Gold Price in September 2006
In September 2006, gold fell 4.1%, from $624.40 at the end of August to $598.60 per troy ounce on September 29, 2006. The highest close was $638.50 on September 4, 2006, the lowest $576.40 on September 14, 2006, and the average over 25 trading days was $597.59. Today's price is 547.6% higher than the September 2006 close.
Gold ended September lower. What usually happens in October after a lower September →
- Gold fell 4.1% in US dollars in September 2006, leaving it up 15.8% for the year to date.
- Measured in other currencies, the change ranged from −5.8% in INR to +2.2% in ZAR, because exchange rates moved too.
- It did better than silver (−11.7%), and worse than US stocks (+2.6%).
- It closed higher on 10 trading days and lower on 9, with an average daily move of 0.89%.
- At the end of the month it was 16.8% below its highest close since 2000.
- Gold/silver ratio: 48.1 → 52.3.
Gold price chart, September 2006
US dollars per troy ounce · daily closeGold in other currencies, September 2006
| Currency | Change in the month |
|---|---|
| ZAR | +2.2% |
| TRY | −0.9% |
| AUD | −1.5% |
| CHF | −2.4% |
| GBP | −2.4% |
| EUR | −2.8% |
| CAD | −3.0% |
| PKR | −3.3% |
| JPY | −3.4% |
| EGP | −3.5% |
| CNY | −4.7% |
| INR | −5.8% |
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, September 2006
| Asset | Change (USD) |
|---|---|
| Gold | −4.1% |
| Silver | −11.7% |
| S&P 500 (with dividends) | +2.6% |
| US inflation (CPI, month) | −0.49% |
| Gold, year to date (end of September) | +15.8% |
| Gold/silver ratio | 48.1 → 52.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, September 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 |
|---|---|---|---|---|---|
| Sep 1Fri | $624.40 | 0.00% | $20.07 | ₹9,336 | AED 73.71 |
| Sep 3Sun | $624.40 | 0.00% | $20.07 | ₹9,285 | AED 73.72 |
| Sep 4Mon | $638.50 | +2.26% | $20.53 | ₹9,474 | AED 75.40 |
| Sep 5Tue | $633.50 | −0.78% | $20.37 | ₹9,379 | AED 74.81 |
| Sep 6Wed | $617.00 | −2.60% | $19.84 | ₹9,135 | AED 72.84 |
| Sep 7Thu | $609.60 | −1.20% | $19.60 | ₹9,045 | AED 71.98 |
| Sep 8Fri | $609.60 | 0.00% | $19.60 | ₹9,045 | AED 71.98 |
| Sep 10Sun | $590.00 | −3.22% | $18.97 | ₹8,755 | AED 69.65 |
| Sep 11Mon | $586.90 | −0.53% | $18.87 | ₹8,715 | AED 69.29 |
| Sep 12Tue | $589.10 | +0.37% | $18.94 | ₹8,713 | AED 69.55 |
| Sep 13Wed | $579.30 | −1.66% | $18.62 | ₹8,551 | AED 68.39 |
| Sep 14Thu | $576.40 | −0.50% | $18.53 | ₹8,534 | AED 68.05 |
| Sep 15Fri | $576.40 | 0.00% | $18.53 | ₹8,534 | AED 68.05 |
| Sep 17Sun | $586.20 | +1.70% | $18.85 | ₹8,679 | AED 69.20 |
| Sep 18Mon | $576.80 | −1.60% | $18.54 | ₹8,536 | AED 68.10 |
| Sep 19Tue | $580.00 | +0.55% | $18.65 | ₹8,584 | AED 68.47 |
| Sep 20Wed | $582.20 | +0.38% | $18.72 | ₹8,571 | AED 68.73 |
| Sep 21Thu | $589.40 | +1.24% | $18.95 | ₹8,683 | AED 69.58 |
| Sep 22Fri | $589.40 | 0.00% | $18.95 | ₹8,683 | AED 69.58 |
| Sep 24Sun | $589.90 | +0.08% | $18.97 | ₹8,685 | AED 69.64 |
| Sep 25Mon | $591.20 | +0.22% | $19.01 | ₹8,723 | AED 69.80 |
| Sep 26Tue | $597.30 | +1.03% | $19.20 | ₹8,801 | AED 70.51 |
| Sep 27Wed | $605.00 | +1.29% | $19.45 | ₹8,914 | AED 71.42 |
| Sep 28Thu | $598.60 | −1.06% | $19.25 | ₹8,798 | AED 70.67 |
| Sep 29Fri | $598.60 | 0.00% | $19.25 | ₹8,798 | AED 70.67 |
How September usually goes for gold
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of 0.0% and a median of −2.2%. Every September since 1971 →
Gold in September 2006: FAQ
What was the price of gold in September 2006?
Gold traded between $576.40 and $638.50 per troy ounce (daily closes) in September 2006, averaging $597.59. It closed the month at $598.60.
How much did gold go down in September 2006?
Gold fell 4.1%, from $624.40 to $598.60. The biggest daily rise was +2.3% on September 4, 2006 and the biggest fall −3.2% on September 10, 2006.
What was the gold price on September 1, 2006?
Gold closed at $624.40 per troy ounce on September 1, 2006, the first trading day of the month. 24K India, ₹ per 10 g: ₹9,336.
Is September usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of 0.0% and a median of −2.2%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in September 2006?
Gold fell 5.8% in Indian rupee terms in September 2006, compared with −4.1% in US dollars.
Did gold beat stocks in September 2006?
No. Gold was −4.1% for the month, against +2.6% for the S&P 500 with dividends.
Did gold keep up with inflation in September 2006?
US consumer prices (CPI) changed −0.49% in September, so gold's real (inflation-adjusted) change was about −3.7%.
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{corgano2026goldpriceinseptember, author = {{Corgano}}, title = {Gold Price in September 2006}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2006/september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}