ROYAL CANADIAN MINT GOLD PRICE — AUGUST 17, 2012
🏪 Royal Canadian Mint — 1 oz Gold Bar Price (CAD)
On August 17, 2012, a 1 oz Gold Bar from Royal Canadian Mint was priced at C$1,704.48 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,594.48 plus a dealer premium of C$110.00 (6.90%). The gold spot price fell by -4.33 (-0.27%) compared to the previous trading day.
PRICE BREAKDOWN — AUGUST 17, 2012
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,594.48 |
| Royal Canadian Mint Premium | +C$110.00 |
| Royal Canadian Mint 1 oz Bar Price | C$1,704.48 |
SPOT PRICE OHLC — AUGUST 17, 2012
| Metric | Price (CAD) |
|---|---|
| Open | C$1,595.96 |
| High | C$1,595.96 |
| Low | C$1,589.65 |
| Close | C$1,594.48 |
| Change | ▼ -4.33 (-0.27%) |
COMPARE DEALERS ON AUGUST 17, 2012
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$1,659.48 | C$65.00 |
| Sprott Money | C$1,672.48 | C$78.00 |
| SilverGoldBull | C$1,649.48 | C$55.00 |
| TD Precious Metals | C$1,689.48 | C$95.00 |
| Royal Canadian Mint ✓ | C$1,704.48 | C$110.00 |
| Border Gold | C$1,664.48 | C$70.00 |
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, 2012 for the full market overview.
📊 Market Analysis — August 17, 2012
❓ 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
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.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,704.48 |
| Per Gram | C$54.80 |
| Per Kilogram | C$54,800.23 |
| Per Pennyweight (1.555g) | C$85.22 |
| Per Tola (11.66g) | C$639.18 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides