Homeβ€ΊDealersβ€ΊKitcoβ€ΊHistoryβ€ΊSeptember 26, 2019

KITCO GOLD PRICE β€” SEPTEMBER 26, 2019

πŸͺ Kitco β€” 1 oz Gold Bar Price (CAD)

C$2,063.49
Premium: C$65.00 (3.25%)

On September 26, 2019, a 1 oz Gold Bar from Kitco was priced at C$2,063.49 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,998.49 plus a dealer premium of C$65.00 (3.25%). The gold spot price rose by +6.31 (+0.32%) compared to the previous trading day.

PRICE BREAKDOWN β€” SEPTEMBER 26, 2019

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$1,998.49
Kitco Premium+C$65.00
Kitco 1 oz Bar PriceC$2,063.49

SPOT PRICE OHLC β€” SEPTEMBER 26, 2019

MetricPrice (CAD)
OpenC$1,998.49
HighC$1,998.49
LowC$1,998.49
CloseC$1,998.49
Changeβ–² +6.31 (+0.32%)

COMPARE DEALERS ON SEPTEMBER 26, 2019

Dealer1 oz Bar (CAD)Premium
Kitco βœ“C$2,063.49C$65.00
Sprott MoneyC$2,076.49C$78.00
SilverGoldBullC$2,053.49C$55.00
TD Precious MetalsC$2,093.49C$95.00
Royal Canadian MintC$2,108.49C$110.00
Border GoldC$2,068.49C$70.00
← September 25, 2019 πŸ“… All Dates September 27, 2019 β†’

ABOUT KITCO

Kitco Metals Inc. is Canada's oldest and largest online precious metals dealer, headquartered in MontrΓ©al, Quebec since 1977. Visit the Kitco dealer page for current live prices. See the gold spot price on September 26, 2019 for the full market overview.

πŸ“Š Market Analysis β€” September 26, 2019

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 β€” 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.

πŸ’‘ Canadian Gold Investor Guide

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.

Tax-Efficient Gold Investing: Maximize TFSA contributions first β€” all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.

βš–οΈ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$2,063.49
Per GramC$66.34
Per KilogramC$66,342.65
Per Pennyweight (1.555g)C$103.17
Per Tola (11.66g)C$773.81

πŸ“š Learn more: How to Buy Gold in Canada Β· Gold Tax Guide Β· 25 Year Price Analysis Β· All Guides