Homeβ€ΊDealersβ€ΊKitcoβ€ΊHistoryβ€ΊApril 28, 2006

KITCO GOLD PRICE β€” APRIL 28, 2006

πŸͺ Kitco β€” 1 oz Gold Bar Price (CAD)

C$792.80
Premium: C$65.00 (8.93%)

On April 28, 2006, a 1 oz Gold Bar from Kitco was priced at C$792.80 per troy ounce in Canadian Dollars. This included the CAD spot price of C$727.80 plus a dealer premium of C$65.00 (8.93%). The gold spot price rose by +16.54 (+2.33%) compared to the previous trading day.

PRICE BREAKDOWN β€” APRIL 28, 2006

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$727.80
Kitco Premium+C$65.00
Kitco 1 oz Bar PriceC$792.80

SPOT PRICE OHLC β€” APRIL 28, 2006

MetricPrice (CAD)
OpenC$727.80
HighC$727.80
LowC$727.80
CloseC$727.80
Changeβ–² +16.54 (+2.33%)

COMPARE DEALERS ON APRIL 28, 2006

Dealer1 oz Bar (CAD)Premium
Kitco βœ“C$792.80C$65.00
Sprott MoneyC$805.80C$78.00
SilverGoldBullC$782.80C$55.00
TD Precious MetalsC$822.80C$95.00
Royal Canadian MintC$837.80C$110.00
Border GoldC$797.80C$70.00
← April 27, 2006 πŸ“… All Dates May 1, 2006 β†’

ABOUT KITCO

Kitco Metals Inc. is Canada's oldest and largest online precious metals dealer, headquartered in MontrΓ©al, Quebec since 1977. Visit the Kitco dealer page for current live prices. See the gold spot price on April 28, 2006 for the full market overview.

πŸ“Š Market Analysis β€” April 28, 2006

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Geopolitical tensions β€” including trade wars, military conflicts, and sanctions β€” historically drive gold higher as investors seek safe-haven assets. The Canadian Dollar, as a commodity currency tied to oil prices, can weaken independently during global uncertainty, creating a double tailwind for gold priced in CAD.

❓ Frequently Asked Questions

❓ 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.

❓ 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.

πŸ’‘ 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 β€” 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.

βš–οΈ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$792.80
Per GramC$25.49
Per KilogramC$25,489.07
Per Pennyweight (1.555g)C$39.64
Per Tola (11.66g)C$297.30

πŸ“š Learn more: How to Buy Gold in Canada Β· Gold Tax Guide Β· 25 Year Price Analysis Β· All Guides