KITCO GOLD PRICE — MAY 7, 2013
🏪 Kitco — 1 oz Gold Bar Price (CAD)
On May 7, 2013, a 1 oz Gold Bar from Kitco was priced at C$1,523.71 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,458.71 plus a dealer premium of C$65.00 (4.46%). The gold spot price fell by -21.38 (-1.44%) compared to the previous trading day.
PRICE BREAKDOWN — MAY 7, 2013
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,458.71 |
| Kitco Premium | +C$65.00 |
| Kitco 1 oz Bar Price | C$1,523.71 |
SPOT PRICE OHLC — MAY 7, 2013
| Metric | Price (CAD) |
|---|---|
| Open | C$1,471.80 |
| High | C$1,476.02 |
| Low | C$1,450.86 |
| Close | C$1,458.71 |
| Change | ▼ -21.38 (-1.44%) |
COMPARE DEALERS ON MAY 7, 2013
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco ✓ | C$1,523.71 | C$65.00 |
| Sprott Money | C$1,536.71 | C$78.00 |
| SilverGoldBull | C$1,513.71 | C$55.00 |
| TD Precious Metals | C$1,553.71 | C$95.00 |
| Royal Canadian Mint | C$1,568.71 | C$110.00 |
| Border Gold | C$1,528.71 | 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 7, 2013 for the full market overview.
📊 Market Analysis — May 7, 2013
❓ 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
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.
Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,523.71 |
| Per Gram | C$48.99 |
| Per Kilogram | C$48,988.34 |
| Per Pennyweight (1.555g) | C$76.19 |
| Per Tola (11.66g) | C$571.39 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides