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ROYAL CANADIAN MINT GOLD PRICE — AUGUST 17, 2004

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

C$638.39
Premium: C$110.00 (20.82%)

On August 17, 2004, a 1 oz Gold Bar from Royal Canadian Mint was priced at C$638.39 per troy ounce in Canadian Dollars. This included the CAD spot price of C$528.39 plus a dealer premium of C$110.00 (20.82%). The gold spot price rose by +2.00 (+0.38%) compared to the previous trading day.

PRICE BREAKDOWN — AUGUST 17, 2004

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$528.39
Royal Canadian Mint Premium+C$110.00
Royal Canadian Mint 1 oz Bar PriceC$638.39

SPOT PRICE OHLC — AUGUST 17, 2004

MetricPrice (CAD)
OpenC$525.91
HighC$527.87
LowC$523.03
CloseC$528.39
Change▲ +2.00 (+0.38%)

COMPARE DEALERS ON AUGUST 17, 2004

Dealer1 oz Bar (CAD)Premium
KitcoC$593.39C$65.00
Sprott MoneyC$606.39C$78.00
SilverGoldBullC$583.39C$55.00
TD Precious MetalsC$623.39C$95.00
Royal Canadian Mint ✓C$638.39C$110.00
Border GoldC$598.39C$70.00
← August 16, 2004 📅 All Dates August 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 August 17, 2004 for the full market overview.

📊 Market Analysis — August 17, 2004

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. Geopolitical tensions — including trade wars, military conflicts, and sanctions — historically drive gold higher as investors seek safe-haven assets. The Canadian Dollar, as a commodity currency tied to oil prices, can weaken independently during global uncertainty, creating a double tailwind for gold priced in CAD.

❓ 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

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.

Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$638.39
Per GramC$20.52
Per KilogramC$20,524.69
Per Pennyweight (1.555g)C$31.92
Per Tola (11.66g)C$239.40

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