Homeโ€บDealersโ€บBorder Goldโ€บHistoryโ€บNovember 28, 2016

BORDER GOLD GOLD PRICE โ€” NOVEMBER 28, 2016

๐Ÿช Border Gold โ€” 1 oz Gold Bar Price (CAD)

C$1,679.21
Premium: C$70.00 (4.35%)

On November 28, 2016, a 1 oz Gold Bar from Border Gold was priced at C$1,679.21 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,609.21 plus a dealer premium of C$70.00 (4.35%). The gold spot price rose by +19.70 (+1.24%) compared to the previous trading day.

PRICE BREAKDOWN โ€” NOVEMBER 28, 2016

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$1,609.21
Border Gold Premium+C$70.00
Border Gold 1 oz Bar PriceC$1,679.21

SPOT PRICE OHLC โ€” NOVEMBER 28, 2016

MetricPrice (CAD)
OpenC$1,605.70
HighC$1,609.21
LowC$1,605.70
CloseC$1,609.21
Changeโ–ฒ +19.70 (+1.24%)

COMPARE DEALERS ON NOVEMBER 28, 2016

Dealer1 oz Bar (CAD)Premium
KitcoC$1,674.21C$65.00
Sprott MoneyC$1,687.21C$78.00
SilverGoldBullC$1,664.21C$55.00
TD Precious MetalsC$1,704.21C$95.00
Royal Canadian MintC$1,719.21C$110.00
Border Gold โœ“C$1,679.21C$70.00
โ† November 25, 2016 ๐Ÿ“… All Dates November 29, 2016 โ†’

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 November 28, 2016 for the full market overview.

๐Ÿ“Š Market Analysis โ€” November 28, 2016

The precious metals market in Canada is influenced by multiple factors including global supply and demand, mining production costs, central bank reserves management, and macroeconomic indicators such as GDP growth, unemployment rates, and consumer price inflation. Gold's role as a portfolio diversifier is supported by its low correlation with equities. During the 2008 financial crisis and the 2020 COVID crash, gold provided positive returns when stock markets fell 30โ€“50%. A 10% gold allocation has historically reduced portfolio volatility while maintaining competitive long-term returns.

โ“ Frequently Asked Questions

โ“ Can I sell gold back to dealers?

Yes, most Canadian dealers offer buyback programs. Kitco, Sprott Money, and SilverGoldBull all purchase gold from customers at competitive bid prices, typically 1โ€“3% below spot price depending on product type and market conditions.

โ“ 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 1โ€“2% lower premiums than credit card purchases. Larger orders (10+ oz) may qualify for volume discounts from most Canadian dealers.

โ“ 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$200โ€“C$500 depending on the dealer.

๐Ÿ’ก Canadian Gold Investor Guide

Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.

Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month โ€” say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.

โš–๏ธ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,679.21
Per GramC$53.99
Per KilogramC$53,987.78
Per Pennyweight (1.555g)C$83.96
Per Tola (11.66g)C$629.70

๐Ÿ“š Learn more: How to Buy Gold in Canada ยท Gold Tax Guide ยท 25 Year Price Analysis ยท All Guides