ROYAL CANADIAN MINT GOLD PRICE — MARCH 21, 2016
🏪 Royal Canadian Mint — 1 oz Gold Bar Price (CAD)
On March 21, 2016, a 1 oz Gold Bar from Royal Canadian Mint was priced at C$1,732.66 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,622.66 plus a dealer premium of C$110.00 (6.78%). The gold spot price fell by -5.27 (-0.32%) compared to the previous trading day.
PRICE BREAKDOWN — MARCH 21, 2016
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,622.66 |
| Royal Canadian Mint Premium | +C$110.00 |
| Royal Canadian Mint 1 oz Bar Price | C$1,732.66 |
SPOT PRICE OHLC — MARCH 21, 2016
| Metric | Price (CAD) |
|---|---|
| Open | C$1,638.84 |
| High | C$1,638.84 |
| Low | C$1,622.14 |
| Close | C$1,622.66 |
| Change | ▼ -5.27 (-0.32%) |
COMPARE DEALERS ON MARCH 21, 2016
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$1,687.66 | C$65.00 |
| Sprott Money | C$1,700.66 | C$78.00 |
| SilverGoldBull | C$1,677.66 | C$55.00 |
| TD Precious Metals | C$1,717.66 | C$95.00 |
| Royal Canadian Mint ✓ | C$1,732.66 | C$110.00 |
| Border Gold | C$1,692.66 | 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 March 21, 2016 for the full market overview.
📊 Market Analysis — March 21, 2016
❓ Frequently Asked Questions
❓ 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.
❓ 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.
💡 Canadian Gold Investor Guide
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.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,732.66 |
| Per Gram | C$55.71 |
| Per Kilogram | C$55,706.23 |
| Per Pennyweight (1.555g) | C$86.63 |
| Per Tola (11.66g) | C$649.75 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides