Homeβ€ΊDealersβ€ΊKitcoβ€ΊHistoryβ€ΊApril 28, 2010

KITCO GOLD PRICE β€” APRIL 28, 2010

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

C$1,248.13
Premium: C$65.00 (5.49%)

On April 28, 2010, a 1 oz Gold Bar from Kitco was priced at C$1,248.13 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,183.13 plus a dealer premium of C$65.00 (5.49%). The gold spot price rose by +3.19 (+0.27%) compared to the previous trading day.

PRICE BREAKDOWN β€” APRIL 28, 2010

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$1,183.13
Kitco Premium+C$65.00
Kitco 1 oz Bar PriceC$1,248.13

SPOT PRICE OHLC β€” APRIL 28, 2010

MetricPrice (CAD)
OpenC$1,183.13
HighC$1,183.13
LowC$1,183.13
CloseC$1,183.13
Changeβ–² +3.19 (+0.27%)

COMPARE DEALERS ON APRIL 28, 2010

Dealer1 oz Bar (CAD)Premium
Kitco βœ“C$1,248.13C$65.00
Sprott MoneyC$1,261.13C$78.00
SilverGoldBullC$1,238.13C$55.00
TD Precious MetalsC$1,278.13C$95.00
Royal Canadian MintC$1,293.13C$110.00
Border GoldC$1,253.13C$70.00
← April 27, 2010 πŸ“… All Dates April 29, 2010 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, 2010 for the full market overview.

πŸ“Š Market Analysis β€” April 28, 2010

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. Gold has historically outperformed during periods of negative real interest rates β€” when inflation exceeds the Bank of Canada's overnight rate. Canadian investors use gold as a hedge against purchasing power erosion, particularly when CPI exceeds 3%. The correlation between gold and the inverse of real rates makes it a strategic allocation in balanced portfolios.

❓ 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

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 β€” 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.

βš–οΈ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,248.13
Per GramC$40.13
Per KilogramC$40,128.25
Per Pennyweight (1.555g)C$62.41
Per Tola (11.66g)C$468.05

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