KITCO GOLD PRICE — AUGUST 28, 2020
🏪 Kitco — 1 oz Gold Bar Price (CAD)
On August 28, 2020, a 1 oz Gold Bar from Kitco was priced at C$2,642.87 per troy ounce in Canadian Dollars. This included the CAD spot price of C$2,577.87 plus a dealer premium of C$65.00 (2.52%). The gold spot price rose by +53.27 (+2.11%) compared to the previous trading day.
PRICE BREAKDOWN — AUGUST 28, 2020
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$2,577.87 |
| Kitco Premium | +C$65.00 |
| Kitco 1 oz Bar Price | C$2,642.87 |
SPOT PRICE OHLC — AUGUST 28, 2020
| Metric | Price (CAD) |
|---|---|
| Open | C$2,528.66 |
| High | C$2,586.66 |
| Low | C$2,522.63 |
| Close | C$2,577.87 |
| Change | ▲ +53.27 (+2.11%) |
COMPARE DEALERS ON AUGUST 28, 2020
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco ✓ | C$2,642.87 | C$65.00 |
| Sprott Money | C$2,655.87 | C$78.00 |
| SilverGoldBull | C$2,632.87 | C$55.00 |
| TD Precious Metals | C$2,672.87 | C$95.00 |
| Royal Canadian Mint | C$2,687.87 | C$110.00 |
| Border Gold | C$2,647.87 | 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 August 28, 2020 for the full market overview.
📊 Market Analysis — August 28, 2020
❓ 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
Tax-Efficient Gold Investing: Maximize TFSA contributions first — 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%.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$2,642.87 |
| Per Gram | C$84.97 |
| Per Kilogram | C$84,970.12 |
| Per Pennyweight (1.555g) | C$132.14 |
| Per Tola (11.66g) | C$991.08 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides