KITCO GOLD PRICE — OCTOBER 16, 2007
🏪 Kitco — 1 oz Gold Bar Price (CAD)
On October 16, 2007, a 1 oz Gold Bar from Kitco was priced at C$806.10 per troy ounce in Canadian Dollars. This included the CAD spot price of C$741.10 plus a dealer premium of C$65.00 (8.77%). The gold spot price rose by +2.70 (+0.37%) compared to the previous trading day.
PRICE BREAKDOWN — OCTOBER 16, 2007
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$741.10 |
| Kitco Premium | +C$65.00 |
| Kitco 1 oz Bar Price | C$806.10 |
SPOT PRICE OHLC — OCTOBER 16, 2007
| Metric | Price (CAD) |
|---|---|
| Open | C$746.39 |
| High | C$746.39 |
| Low | C$740.22 |
| Close | C$741.10 |
| Change | ▲ +2.70 (+0.37%) |
COMPARE DEALERS ON OCTOBER 16, 2007
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco ✓ | C$806.10 | C$65.00 |
| Sprott Money | C$819.10 | C$78.00 |
| SilverGoldBull | C$796.10 | C$55.00 |
| TD Precious Metals | C$836.10 | C$95.00 |
| Royal Canadian Mint | C$851.10 | C$110.00 |
| Border Gold | C$811.10 | C$70.00 |
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 16, 2007 for the full market overview.
📊 Market Analysis — October 16, 2007
❓ 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.
💡 Canadian Gold Investor Guide
Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — 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.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$806.10 |
| Per Gram | C$25.92 |
| Per Kilogram | C$25,916.68 |
| Per Pennyweight (1.555g) | C$40.30 |
| Per Tola (11.66g) | C$302.29 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides