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ROYAL CANADIAN MINT GOLD PRICE — AUGUST 28, 2008

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

C$983.11
Premium: C$110.00 (12.60%)

On August 28, 2008, a 1 oz Gold Bar from Royal Canadian Mint was priced at C$983.11 per troy ounce in Canadian Dollars. This included the CAD spot price of C$873.11 plus a dealer premium of C$110.00 (12.60%). The gold spot price rose by +6.34 (+0.73%) compared to the previous trading day.

PRICE BREAKDOWN — AUGUST 28, 2008

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$873.11
Royal Canadian Mint Premium+C$110.00
Royal Canadian Mint 1 oz Bar PriceC$983.11

SPOT PRICE OHLC — AUGUST 28, 2008

MetricPrice (CAD)
OpenC$870.06
HighC$885.40
LowC$866.38
CloseC$873.11
Change▲ +6.34 (+0.73%)

COMPARE DEALERS ON AUGUST 28, 2008

Dealer1 oz Bar (CAD)Premium
KitcoC$938.11C$65.00
Sprott MoneyC$951.11C$78.00
SilverGoldBullC$928.11C$55.00
TD Precious MetalsC$968.11C$95.00
Royal Canadian Mint ✓C$983.11C$110.00
Border GoldC$943.11C$70.00
← August 27, 2008 📅 All Dates August 29, 2008 →

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 28, 2008 for the full market overview.

📊 Market Analysis — August 28, 2008

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

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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$983.11
Per GramC$31.61
Per KilogramC$31,607.67
Per Pennyweight (1.555g)C$49.16
Per Tola (11.66g)C$368.67

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