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KITCO GOLD PRICE — SEPTEMBER 5, 2012

🏪 Kitco — 1 oz Gold Bar Price (CAD)

C$1,733.14
Premium: C$65.00 (3.90%)

On September 5, 2012, a 1 oz Gold Bar from Kitco was priced at C$1,733.14 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,668.14 plus a dealer premium of C$65.00 (3.90%). The gold spot price fell by -1.25 (-0.07%) compared to the previous trading day.

PRICE BREAKDOWN — SEPTEMBER 5, 2012

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$1,668.14
Kitco Premium+C$65.00
Kitco 1 oz Bar PriceC$1,733.14

SPOT PRICE OHLC — SEPTEMBER 5, 2012

MetricPrice (CAD)
OpenC$1,667.75
HighC$1,670.61
LowC$1,667.75
CloseC$1,668.14
Change▼ -1.25 (-0.07%)

COMPARE DEALERS ON SEPTEMBER 5, 2012

Dealer1 oz Bar (CAD)Premium
Kitco ✓C$1,733.14C$65.00
Sprott MoneyC$1,746.14C$78.00
SilverGoldBullC$1,723.14C$55.00
TD Precious MetalsC$1,763.14C$95.00
Royal Canadian MintC$1,778.14C$110.00
Border GoldC$1,738.14C$70.00
← September 4, 2012 📅 All Dates September 6, 2012 →

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 September 5, 2012 for the full market overview.

📊 Market Analysis — September 5, 2012

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 — 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.

💡 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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,733.14
Per GramC$55.72
Per KilogramC$55,721.66
Per Pennyweight (1.555g)C$86.66
Per Tola (11.66g)C$649.93

📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides