KITCO GOLD PRICE — MAY 24, 2011
🏪 Kitco — 1 oz Gold Bar Price (CAD)
On May 24, 2011, a 1 oz Gold Bar from Kitco was priced at C$1,553.93 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,488.93 plus a dealer premium of C$65.00 (4.37%). The gold spot price rose by +11.51 (+0.78%) compared to the previous trading day.
PRICE BREAKDOWN — MAY 24, 2011
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,488.93 |
| Kitco Premium | +C$65.00 |
| Kitco 1 oz Bar Price | C$1,553.93 |
SPOT PRICE OHLC — MAY 24, 2011
| Metric | Price (CAD) |
|---|---|
| Open | C$1,492.74 |
| High | C$1,492.74 |
| Low | C$1,487.66 |
| Close | C$1,488.93 |
| Change | ▲ +11.51 (+0.78%) |
COMPARE DEALERS ON MAY 24, 2011
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco ✓ | C$1,553.93 | C$65.00 |
| Sprott Money | C$1,566.93 | C$78.00 |
| SilverGoldBull | C$1,543.93 | C$55.00 |
| TD Precious Metals | C$1,583.93 | C$95.00 |
| Royal Canadian Mint | C$1,598.93 | C$110.00 |
| Border Gold | C$1,558.93 | 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 May 24, 2011 for the full market overview.
📊 Market Analysis — May 24, 2011
❓ 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)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,553.93 |
| Per Gram | C$49.96 |
| Per Kilogram | C$49,959.94 |
| Per Pennyweight (1.555g) | C$77.70 |
| Per Tola (11.66g) | C$582.72 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides