Homeβ€ΊDealersβ€ΊKitcoβ€ΊHistoryβ€ΊNovember 29, 2007

KITCO GOLD PRICE β€” NOVEMBER 29, 2007

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

C$857.76
Premium: C$65.00 (8.20%)

On November 29, 2007, a 1 oz Gold Bar from Kitco was priced at C$857.76 per troy ounce in Canadian Dollars. This included the CAD spot price of C$792.76 plus a dealer premium of C$65.00 (8.20%). The gold spot price rose by +3.38 (+0.43%) compared to the previous trading day.

PRICE BREAKDOWN β€” NOVEMBER 29, 2007

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$792.76
Kitco Premium+C$65.00
Kitco 1 oz Bar PriceC$857.76

SPOT PRICE OHLC β€” NOVEMBER 29, 2007

MetricPrice (CAD)
OpenC$801.43
HighC$805.22
LowC$789.37
CloseC$792.76
Changeβ–² +3.38 (+0.43%)

COMPARE DEALERS ON NOVEMBER 29, 2007

Dealer1 oz Bar (CAD)Premium
Kitco βœ“C$857.76C$65.00
Sprott MoneyC$870.76C$78.00
SilverGoldBullC$847.76C$55.00
TD Precious MetalsC$887.76C$95.00
Royal Canadian MintC$902.76C$110.00
Border GoldC$862.76C$70.00
← November 28, 2007 πŸ“… All Dates November 30, 2007 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 November 29, 2007 for the full market overview.

πŸ“Š Market Analysis β€” November 29, 2007

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$857.76
Per GramC$27.58
Per KilogramC$27,577.58
Per Pennyweight (1.555g)C$42.89
Per Tola (11.66g)C$321.66

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