KITCO GOLD PRICE — DECEMBER 28, 2016
🏪 Kitco — 1 oz Gold Bar Price (CAD)
On December 28, 2016, a 1 oz Gold Bar from Kitco was priced at C$1,611.82 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,546.82 plus a dealer premium of C$65.00 (4.20%). The gold spot price rose by +8.91 (+0.58%) compared to the previous trading day.
PRICE BREAKDOWN — DECEMBER 28, 2016
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,546.82 |
| Kitco Premium | +C$65.00 |
| Kitco 1 oz Bar Price | C$1,611.82 |
SPOT PRICE OHLC — DECEMBER 28, 2016
| Metric | Price (CAD) |
|---|---|
| Open | C$1,549.26 |
| High | C$1,549.26 |
| Low | C$1,544.91 |
| Close | C$1,546.82 |
| Change | ▲ +8.91 (+0.58%) |
COMPARE DEALERS ON DECEMBER 28, 2016
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco ✓ | C$1,611.82 | C$65.00 |
| Sprott Money | C$1,624.82 | C$78.00 |
| SilverGoldBull | C$1,601.82 | C$55.00 |
| TD Precious Metals | C$1,641.82 | C$95.00 |
| Royal Canadian Mint | C$1,656.82 | C$110.00 |
| Border Gold | C$1,616.82 | 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 December 28, 2016 for the full market overview.
📊 Market Analysis — December 28, 2016
❓ Frequently Asked Questions
❓ 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.
❓ 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.
💡 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$1,611.82 |
| Per Gram | C$51.82 |
| Per Kilogram | C$51,821.14 |
| Per Pennyweight (1.555g) | C$80.59 |
| Per Tola (11.66g) | C$604.43 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides