Our 2-piece "high-run" tool, built out of tool-steel cranked out its 1M iteration a few months ago before we retired it. The tool cost 6k USD to produce.
Our 2-piece "low-run" tool, of a larger physical size cost ~10k USD to produce. ( For the curious - https://i.postimg.cc/MT8RT50P/tool.jpg )
These prices also included the model prep (IE, taking an STP of the final product, inserting the ribs, internal structures, closures, etc required to make a real product) and tool design (Modeling the tool itself gates, etc etc).
Perhaps it's the complexity involved, as injection-molding can scale from small parts to giant parts, but our pricing experience seems vastly different.