Home›Dealers›Border Gold›History›December 23, 2002

BORDER GOLD GOLD PRICE — DECEMBER 23, 2002

🏪 Border Gold — 1 oz Gold Bar Price (CAD)

C$535.89
Premium: C$70.00 (15.03%)

On December 23, 2002, a 1 oz Gold Bar from Border Gold was priced at C$535.89 per troy ounce in Canadian Dollars. This included the CAD spot price of C$465.89 plus a dealer premium of C$70.00 (15.03%). The gold spot price rose by +6.21 (+1.35%) compared to the previous trading day.

PRICE BREAKDOWN — DECEMBER 23, 2002

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$465.89
Border Gold Premium+C$70.00
Border Gold 1 oz Bar PriceC$535.89

SPOT PRICE OHLC — DECEMBER 23, 2002

MetricPrice (CAD)
OpenC$465.08
HighC$465.89
LowC$461.70
CloseC$465.89
Change▲ +6.21 (+1.35%)

COMPARE DEALERS ON DECEMBER 23, 2002

Dealer1 oz Bar (CAD)Premium
KitcoC$530.89C$65.00
Sprott MoneyC$543.89C$78.00
SilverGoldBullC$520.89C$55.00
TD Precious MetalsC$560.89C$95.00
Royal Canadian MintC$575.89C$110.00
Border Gold ✓C$535.89C$70.00
← December 20, 2002 📅 All Dates December 24, 2002 →

ABOUT BORDER GOLD

Border Gold Corp. is a Vancouver-based precious metals dealer serving Western Canada since 1994. Visit the Border Gold dealer page for current live prices. See the gold spot price on December 23, 2002 for the full market overview.

📊 Market Analysis — December 23, 2002

Gold demand in Canada has grown significantly over the past decade, driven by institutional investors, ETF flows, and retail buyers seeking portfolio diversification. The Royal Canadian Mint's Gold Maple Leaf remains one of the world's most widely traded bullion coins. Exchange-traded funds (ETFs) like SPDR Gold Shares (GLD) and iShares Gold Bullion ETF (CGL.TO) offer paper gold exposure. However, physical bullion provides tangible ownership without counterparty risk. Canadian investors should weigh convenience (ETFs) against security (physical) when building gold allocations.

❓ Frequently Asked Questions

❓ What affects Canadian dealer premiums?

Premiums above spot price vary based on product type, weight, payment method, and market conditions. Bank wire transfers typically earn 1–2% lower premiums than credit card purchases. Larger orders (10+ oz) may qualify for volume discounts from most Canadian dealers.

❓ Is shipping gold safe in Canada?

Major dealers ship via insured courier (Canada Post Xpresspost, Purolator) with full insurance coverage. All packages are discreetly labelled with no indication of contents. Free shipping thresholds typically range from C$200–C$500 depending on the dealer.

❓ What payment methods are accepted?

Canadian gold dealers accept bank wire transfers (lowest premiums), e-Transfer/Interac, credit cards (2–3% higher premiums), and in some cases PayPal or cryptocurrency. Bank wire is recommended for orders over C$5,000.

💡 Canadian Gold Investor Guide

Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.

Tax-Efficient Gold Investing: Maximize TFSA contributions first — all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$535.89
Per GramC$17.23
Per KilogramC$17,229.24
Per Pennyweight (1.555g)C$26.79
Per Tola (11.66g)C$200.96

📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides