KITCO GOLD PRICE — JANUARY 16, 2018
🏪 Kitco — 1 oz Gold Bar Price (CAD)
On January 16, 2018, a 1 oz Gold Bar from Kitco was priced at C$1,724.17 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,659.17 plus a dealer premium of C$65.00 (3.92%). The gold spot price fell by -10.11 (-0.61%) compared to the previous trading day.
PRICE BREAKDOWN — JANUARY 16, 2018
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,659.17 |
| Kitco Premium | +C$65.00 |
| Kitco 1 oz Bar Price | C$1,724.17 |
SPOT PRICE OHLC — JANUARY 16, 2018
| Metric | Price (CAD) |
|---|---|
| Open | C$1,653.83 |
| High | C$1,659.17 |
| Low | C$1,653.70 |
| Close | C$1,659.17 |
| Change | ▼ -10.11 (-0.61%) |
COMPARE DEALERS ON JANUARY 16, 2018
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco ✓ | C$1,724.17 | C$65.00 |
| Sprott Money | C$1,737.17 | C$78.00 |
| SilverGoldBull | C$1,714.17 | C$55.00 |
| TD Precious Metals | C$1,754.17 | C$95.00 |
| Royal Canadian Mint | C$1,769.17 | C$110.00 |
| Border Gold | C$1,729.17 | 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 January 16, 2018 for the full market overview.
📊 Market Analysis — January 16, 2018
❓ 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
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$1,724.17 |
| Per Gram | C$55.43 |
| Per Kilogram | C$55,433.27 |
| Per Pennyweight (1.555g) | C$86.21 |
| Per Tola (11.66g) | C$646.56 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides