KITCO GOLD PRICE — AUGUST 1, 2011
🏪 Kitco — 1 oz Gold Bar Price (CAD)
On August 1, 2011, a 1 oz Gold Bar from Kitco was priced at C$1,609.69 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,544.69 plus a dealer premium of C$65.00 (4.21%). The gold spot price fell by -1.54 (-0.10%) compared to the previous trading day.
PRICE BREAKDOWN — AUGUST 1, 2011
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,544.69 |
| Kitco Premium | +C$65.00 |
| Kitco 1 oz Bar Price | C$1,609.69 |
SPOT PRICE OHLC — AUGUST 1, 2011
| Metric | Price (CAD) |
|---|---|
| Open | C$1,548.50 |
| High | C$1,556.90 |
| Low | C$1,533.24 |
| Close | C$1,544.69 |
| Change | ▼ -1.54 (-0.10%) |
COMPARE DEALERS ON AUGUST 1, 2011
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco ✓ | C$1,609.69 | C$65.00 |
| Sprott Money | C$1,622.69 | C$78.00 |
| SilverGoldBull | C$1,599.69 | C$55.00 |
| TD Precious Metals | C$1,639.69 | C$95.00 |
| Royal Canadian Mint | C$1,654.69 | C$110.00 |
| Border Gold | C$1,614.69 | 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 August 1, 2011 for the full market overview.
📊 Market Analysis — August 1, 2011
❓ Frequently Asked Questions
❓ 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.
❓ 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.
💡 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$1,609.69 |
| Per Gram | C$51.75 |
| Per Kilogram | C$51,752.66 |
| Per Pennyweight (1.555g) | C$80.48 |
| Per Tola (11.66g) | C$603.63 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides