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KITCO GOLD PRICE — FEBRUARY 11, 2003

🏪 Kitco — 1 oz Gold Bar Price (CAD)

C$554.38
Premium: C$65.00 (13.28%)

On February 11, 2003, a 1 oz Gold Bar from Kitco was priced at C$554.38 per troy ounce in Canadian Dollars. This included the CAD spot price of C$489.38 plus a dealer premium of C$65.00 (13.28%). The gold spot price fell by -1.62 (-0.33%) compared to the previous trading day.

PRICE BREAKDOWN — FEBRUARY 11, 2003

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$489.38
Kitco Premium+C$65.00
Kitco 1 oz Bar PriceC$554.38

SPOT PRICE OHLC — FEBRUARY 11, 2003

MetricPrice (CAD)
OpenC$490.32
HighC$493.29
LowC$488.43
CloseC$489.38
Change▼ -1.62 (-0.33%)

COMPARE DEALERS ON FEBRUARY 11, 2003

Dealer1 oz Bar (CAD)Premium
Kitco ✓C$554.38C$65.00
Sprott MoneyC$567.38C$78.00
SilverGoldBullC$544.38C$55.00
TD Precious MetalsC$584.38C$95.00
Royal Canadian MintC$599.38C$110.00
Border GoldC$559.38C$70.00
← February 10, 2003 📅 All Dates February 12, 2003 →

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 February 11, 2003 for the full market overview.

📊 Market Analysis — February 11, 2003

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. The London Bullion Market Association (LBMA) sets the benchmark gold price twice daily through electronic auction. This price, quoted in USD, is then converted to CAD using the prevailing exchange rate. Canadian dealers like Kitco update their premiums every 10–30 seconds based on these spot movements.

❓ Frequently Asked Questions

❓ 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.

❓ 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.

💡 Canadian Gold Investor Guide

When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips — gold rewards patient holders.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$554.38
Per GramC$17.82
Per KilogramC$17,823.71
Per Pennyweight (1.555g)C$27.72
Per Tola (11.66g)C$207.89

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