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KITCO GOLD PRICE — OCTOBER 30, 2002

🏪 Kitco — 1 oz Gold Bar Price (CAD)

C$492.28
Premium: C$65.00 (15.21%)

On October 30, 2002, a 1 oz Gold Bar from Kitco was priced at C$492.28 per troy ounce in Canadian Dollars. This included the CAD spot price of C$427.28 plus a dealer premium of C$65.00 (15.21%). The gold spot price fell by -1.62 (-0.38%) compared to the previous trading day.

PRICE BREAKDOWN — OCTOBER 30, 2002

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$427.28
Kitco Premium+C$65.00
Kitco 1 oz Bar PriceC$492.28

SPOT PRICE OHLC — OCTOBER 30, 2002

MetricPrice (CAD)
OpenC$427.28
HighC$427.28
LowC$426.60
CloseC$427.28
Change▼ -1.62 (-0.38%)

COMPARE DEALERS ON OCTOBER 30, 2002

Dealer1 oz Bar (CAD)Premium
Kitco ✓C$492.28C$65.00
Sprott MoneyC$505.28C$78.00
SilverGoldBullC$482.28C$55.00
TD Precious MetalsC$522.28C$95.00
Royal Canadian MintC$537.28C$110.00
Border GoldC$497.28C$70.00
← October 29, 2002 📅 All Dates October 31, 2002 →

ABOUT KITCO

Kitco Metals Inc. is Canada's oldest and largest online precious metals dealer, headquartered in Montréal, Quebec since 1977. Visit the Kitco dealer page for current live prices. See the gold spot price on October 30, 2002 for the full market overview.

📊 Market Analysis — October 30, 2002

Market technicals for gold in CAD incorporate both the underlying commodity trend and currency movements. Support and resistance levels for XAU/CAD often differ from XAU/USD due to the additional variable of Canadian Dollar strength. Seasonal gold price patterns show that gold tends to perform well in January (New Year investment flows), August–September (Indian wedding season demand), and during year-end tax-loss harvesting. Canadian investors can use these seasonal trends to time bullion purchases for potentially better entry prices.

❓ Frequently Asked Questions

❓ How do I verify gold authenticity?

Reputable Canadian dealers like Kitco and Sprott Money sell only assayed products from LBMA-approved refiners. The Royal Canadian Mint includes anti-counterfeiting features on Maple Leaf coins including micro-engraved laser marks and radial lines visible under magnification.

❓ 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 1–3% below spot price depending on product type and market conditions.

❓ 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.

💡 Canadian Gold Investor Guide

Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$492.28
Per GramC$15.83
Per KilogramC$15,827.15
Per Pennyweight (1.555g)C$24.61
Per Tola (11.66g)C$184.60

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