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ROYAL CANADIAN MINT GOLD PRICE — JUNE 17, 2004

🏪 Royal Canadian Mint — 1 oz Gold Bar Price (CAD)

C$644.27
Premium: C$110.00 (20.59%)

On June 17, 2004, a 1 oz Gold Bar from Royal Canadian Mint was priced at C$644.27 per troy ounce in Canadian Dollars. This included the CAD spot price of C$534.27 plus a dealer premium of C$110.00 (20.59%). The gold spot price rose by +5.79 (+1.10%) compared to the previous trading day.

PRICE BREAKDOWN — JUNE 17, 2004

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$534.27
Royal Canadian Mint Premium+C$110.00
Royal Canadian Mint 1 oz Bar PriceC$644.27

SPOT PRICE OHLC — JUNE 17, 2004

MetricPrice (CAD)
OpenC$529.33
HighC$529.33
LowC$529.33
CloseC$534.27
Change▲ +5.79 (+1.10%)

COMPARE DEALERS ON JUNE 17, 2004

Dealer1 oz Bar (CAD)Premium
KitcoC$599.27C$65.00
Sprott MoneyC$612.27C$78.00
SilverGoldBullC$589.27C$55.00
TD Precious MetalsC$629.27C$95.00
Royal Canadian Mint ✓C$644.27C$110.00
Border GoldC$604.27C$70.00
← June 16, 2004 📅 All Dates June 18, 2004 →

ABOUT ROYAL CANADIAN MINT

The Royal Canadian Mint is the Crown corporation producing Canada's iconic Gold Maple Leaf coins at 99.99% purity. Visit the Royal Canadian Mint dealer page for current live prices. See the gold spot price on June 17, 2004 for the full market overview.

📊 Market Analysis — June 17, 2004

Market technicals for gold in CAD incorporate both the underlying commodity trend and currency movements. Support and resistance levels for XAU/CAD often differ from XAU/USD due to the additional variable of Canadian Dollar strength. Seasonal gold price patterns show that gold tends to perform well in January (New Year investment flows), August–September (Indian wedding season demand), and during year-end tax-loss harvesting. Canadian investors can use these seasonal trends to time bullion purchases for potentially better entry prices.

❓ Frequently Asked Questions

❓ 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.

❓ What affects Canadian dealer premiums?

Premiums above spot price vary based on product type, weight, payment method, and market conditions. Bank wire transfers typically earn 1–2% lower premiums than credit card purchases. Larger orders (10+ oz) may qualify for volume discounts from most Canadian dealers.

💡 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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$644.27
Per GramC$20.71
Per KilogramC$20,713.73
Per Pennyweight (1.555g)C$32.21
Per Tola (11.66g)C$241.60

📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides